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European Quarterly Country Review : France - Q2 2013

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European Quarterly Country Review : France - Q2 2013

As a result of the newly-introduced austerity programme and the low growth elsewhere in Europe, the French economy is experiencing a double-dip recession and confidence is low

Recent months have been marked by the announcement of several retailer failures.

Reduced demand by office tenants has required landlords to offer greater rent concessions. La Défense is approaching an inflection point, with new supply expected to increase the vacancy rate.

The Ile-de-France accounted for 72% of the transactions over the first quarter while, in the regions, Lyon dominated once again. Yields were down in some locations, but not overall.

Source : AXA Real Estate

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