France gross value added: real estate
France gross value added: real estate stood at 376,739 EUR million in 2025, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Annual national accounts table (Value · Annual), with a complete series running from 1949 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Annual national accounts table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross value added, current prices | |||||||||||
| Real estate | 376,739 | 380,347 | 372,697 | 325,412 | 310,139 | 303,857 | 300,545 | 292,015 | 286,281 | 278,973 | |
| Professional, scientific, technical, administrative and support service activities | 388,119 | 378,858 | 359,840 | 343,759 | 319,626 | 293,333 | 311,391 | 297,565 | 285,631 | 273,771 |
Understanding france gross value added: real estate
Ownership and leasing of residential and commercial property, including imputed rents for owner-occupied housing, generate the monetary value calculated in this current-price real estate series. The metric captures rental incomes and housing services minus intermediate property management costs, maintenance supplies, and utility overhead. It is distinct from the construction branch because it measures the ongoing yield from existing built assets rather than the initial physical creation of those buildings.
Reading the data requires noting that a significant portion of the total is imputed rather than exchanged in cash markets, representing the value homeowners receive from living in their own homes. Revisions often occur when periodic housing census data updates benchmark rental yield estimations. Comparing real estate value added directly with retail or manufacturing output is unhelpful because real estate returns are driven by property valuations and housing stock size rather than industrial production cycles.
Frequently asked questions
- What does owner-occupied imputed rent represent?
- The estimated value homeowners pay themselves for the housing services their properties provide.
- Are real estate agent commissions included in this branch?
- Brokerage fees are typically categorized under professional and support services rather than core real estate output.
- Why do revisions happen in real estate accounts?
- New housing census benchmarks and updated rental market surveys require retrospective adjustment of imputed values.