This morning, ImmoStat* unveiled the figures for the 4th quarter of 2023 regarding investments made in residential assets, both traditional and managed. According to the statement from the organization in which Ikory participates, at the end of the year 2023, the overall amount of residential investments in France is 2.8 billion euros, representing a 52% decrease compared to 2022. The 4th quarter of 2023 shows a 40% decrease compared to the 4th quarter of 2022, reaching 710 million euros.
Traditional, intermediate, and intergenerational residential assets totaled 1.7 billion euros in 2023, marking a 62% decrease compared to 2022. The 4th quarter of 2023 experienced a 47% decrease compared to the 4th quarter of 2022, reaching 477 million euros.
Finally, managed residential assets totaled 1.1 billion euros in 2023, indicating a 16% decrease compared to 2022. The 4th quarter of 2023 witnessed a 19% decrease compared to the 4th quarter of 2022, reaching 233 million euros.
“We observe, since the fourth quarter of 2023, a more significant number of buildings for sale, at prices more in line with the new expectations of investors. That is why we anticipate a rebound in acquisitions in 2024, in a more competitive market in terms of values. Furthermore, residential properties remain, comparatively to other asset classes, more resistant,” declares Stéphane IMOWICZ, president of IKORY.
Download the press release [IKORY-Press Alert ImmoStat Figures Q4 2023]