I don’t want to defend nor attack England, France or anyone else, but we should never look at one metric when assessing a market. The EU provides some useful insights on its website about the bloc’s housing market (unfortunately without the England or UK data …).

When measured by the gross value added (GVA) of a country’s construction sector as a share of total GVA, France is persistently below the EU average. In 2023, the EU countries with the largest shares were Slovakia (8.4%), Romania (8.3%) and Lithuania (7.3%), and with smallest Greece (2.1%), Ireland (2.6%) and Malta (4.2%).

Regarding the number of dwellings approved for construction between 2010 and 2023, France saw the largest decrease (-27%), followed by Finland and Italy (-36% and -50%, respectively). The largest increases were in Bulgaria (+269%), followed by Ireland (+123%) and Estonia (+117%).

We must also look at how affordable housing is. According to the EU data, Greece, Denmark, and Germany appear to have he least affordable housing in the EU.

You’ll find a lot of interesting data on the site: https://ec.europa.eu/eurostat/web/interactive-publications/housing-2024