This morning, ImmoStat announced the figures for the first half of 2024 regarding investments made by institutional investors and family offices in the bulk sale of residential assets, both traditional and managed.
In the first half of 2024, the total amount of residential investments in France, as defined by ImmoStat, reached €1.6 billion, marking a 12% increase compared to the first half of 2023. The second quarter of 2024 saw a 4% decline compared to the second quarter of 2023, with investments totaling €806 million.
Traditional and intermediate residential assets amounted to €1.3 billion in the first half of 2024, representing a 30% increase over the first half of 2023. The second quarter of 2024 showed a 1% increase compared to the second quarter of 2023, totaling €601 million.
Lastly, managed residential assets totaled €312 million in the first half of 2024, indicating a 29% decrease from the first half of 2023. The second quarter of 2024 saw a 17% decline compared to the second quarter of 2023, with investments totaling €205 million.
“Whereas 2023 demonstrated the strength of managed residential real estate, the first half of 2024 shows a notable return to traditional investment. This trend reflects the gradual stabilization of prices, which should help the market regain equilibrium between supply and demand in the short term,” stated Stéphane IMOWICZ, President of IKORY.