France is an attractive country for real estate investment. Since the mid 1990s, foreign investors have been responsible for the majority of such investment here. In 2007, 65 percent of real estate acquisitions in France were made by non-French investors. Most acquisitions are in the office sector, followed by retail and then warehousing/commercial premises. The French real estate market is completely open to investors from abroad and presents a stable political and legal environment. In addition, in comparison to other major European cities, rents are reasonable, real estate prices are good and good quality buildings are still being built. The favourable resale market is also an important factor.