Nexity Q3 2026 slides: guidance confirmed as revenue falls 17%

French property developer Nexity reported a 17% decline in Q3 2026 revenue, despite reaffirming its full-year guidance. Nine-month revenue fell to €1.6 billion, down from €1.9 billion the previous year. The French housing market continues its sharp contraction, with residential real estate development revenue decreasing 20% to €1,254 million.

Commercial real estate development contributed only 3% of total revenue, while the services segment saw a 3% decline. Services revenue grew 2% for Studéa student residences and 83% for coworking spaces, but fell 18% for distribution. Macroeconomic factors, such as rising fuel prices, inflation, and higher long-term interest rates, negatively impacted the market.

Despite challenges, Nexity maintains a pre-selling rate of 73% and 100% of its supply is eligible for the PTZ interest-free loan scheme. The company's supply for sale totaled 4,891 units at the end of September, with 92% located in supply-constrained areas, indicating faster inventory movement than the broader industry.