Investor Expatriates: Major Cities Abandoned in Favor of Mid-Sized Towns
A Groundbreaking Observatory for a Little-Documented Market
Immoneos publishes the 2026 Barometer of Real Estate Investment for Non-Residents, an annual study based on financing requests from its community covering around thirty major French cities. This second edition follows a first (2020-2022) conducted in a context of historically low interest rates. The real estate market turnaround that began in 2022 and the rise in interest rates have significantly altered the conditions for obtaining credit, with an even more pronounced impact for non-residents, warranting this new edition.
A Strategic Shift: From Wealth to Rental Income
The barometer reveals a major shift in priorities among non-resident investors: a decline in certain major regional cities. Nantes shows a notable drop, while Toulouse, Bordeaux, and Lille are also seeing declines. Meanwhile, medium-sized cities are making significant progress: Dijon (+0.8 point), Le Mans (+0.4 point), and Nancy (+0.2 point). Paris maintains 14.8% of financing requests, while Lyon and Nice each reach 5.7%.
This geographical reshuffling reflects an adjustment to a more constrained environment, where expatriates are redirecting their strategies towards rental yield rather than property appreciation.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
