Energy-inefficient properties sell at 25% discount in France as rental restrictions bite

Energy-inefficient properties in France are selling at steep discounts as rental market restrictions force owners to offload homes that can no longer be legally let, according to data released by French notaires in December.

Properties rated E, F or G on France’s energy performance diagnostic (DPE) accounted for 40 percent of all transactions in the existing housing market in 2024, according to a study on “green value” presented on 8th December during the notaires’ annual review.

Houses rated G sold on average 25 percent cheaper than those rated D, which notaires use as the reference category. For apartments, the discount stood at 12 percent.

Rental restrictions drive sales

Sales of energy-inefficient properties, known in France as passoires thermiques (thermal sieves), have surged since 2021 as regulatory changes have progressively restricted their use in the rental market.

Since 1st January 2025, all properties rated G on the DPE are considered substandard and can no longer be offered for rent, whether for new leases, renewals or tacit continuations of existing contracts. Properties rated F will face the same restriction from 2028, with E-rated properties following in 2034.

The tightening regulations have created a wave of sales as landlords exit the market rather than undertake expensive energy efficiency renovations. These properties, which can no longer generate rental income, now constitute the largest share of homes being sold.

The data covers the French property market as a whole. Monaco, which has its own building regulations and energy standards, follows different rules regarding property energy performance and rental restrictions.

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Photo credit: Cassandra Tanti

 

George and Amal Clooney granted French citizenship for family privacy

George Clooney has been granted French citizenship along with his wife Amal and their two children, according to an official decree published in France’s government gazette.

The announcement confirms the actor’s ambition to establish his family permanently in France, where strict privacy laws shield children from paparazzi attention. The 64-year-old two-time Oscar winner now holds dual US-French nationality.

“I love the French culture, your language, even if I’m still bad at it after 400 days of courses,” Clooney told RTL radio in early December, speaking in English. “Here, they don’t take photos of kids. There aren’t any paparazzi hidden at the school gates. That’s number one for us.”

French farm life

The couple lives with their eight-year-old twins on a farm in southern France at the Domaine du Canadel, a former wine estate near the village of Brignoles, which they purchased in 2021. Clooney told RTL that although the family travels frequently, their French home “is where we’re happiest”.

In a separate interview with Esquire magazine, Clooney expressed concern that his children might never “get a fair shake at life” in the United States, suggesting that life on a French farm would provide them with better opportunities.

Amal Clooney, a British-Lebanese human rights lawyer, speaks fluent French. She specialises in international law and human rights cases, representing clients at the International Court of Justice and European Court of Human Rights.

European property portfolio

Clooney’s attachment to Europe predates his 2014 marriage to Amal. He purchased an estate in Italy’s Lake Como region in 2002, which became one of his primary residences. The couple also owns a historic manor in England.

Beyond their French property, the Clooneys maintain a New York apartment and property in Kentucky, though they reportedly sold homes in Los Angeles and Mexico over the past decade.

The move toward France suggests a strategic retreat from Hollywood’s media spotlight whilst maintaining proximity to European culture and privacy protections.

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Photo credit: Harald Krichel, via Wikimedia Commons

Ray-Ban President to receive top honour at Monte-Carlo Fashion Week

The President of Ray-Ban will receive the Monte-Carlo Fashion Week Award 2026 in a ceremony that celebrates the fusion of entrepreneurial vision and positive social change.

Leonardo Maria Del Vecchio, who leads the iconic eyewear brand whilst serving as Chief Strategy Officer of EssilorLuxottica and President of the OneSight EssilorLuxottica Foundation in Italy, will accept the honour on 17th April during Monaco’s premier fashion event.

The award recognises executives who demonstrate what organisers call the balance between business achievement and social responsibility. EssilorLuxottica, formed from the 2018 merger of Italian eyewear giant Luxottica and French lens manufacturer Essilor, is one of the world’s largest eyewear companies with brands including Ray-Ban, Oakley and Persol.

Federica Nardoni Spinetta, who founded Monte-Carlo Fashion Week and leads the Chambre Monégasque de la Mode, said the event aimed to highlight those who “transform an entrepreneurial vision into concrete positive impact on society.”

Monaco connection

Del Vecchio said receiving the award in Monaco held personal significance. “Receiving it in Monte-Carlo, a city to which I have been deeply attached since childhood, makes it even more meaningful,” he said in a statement.

He added that his company would continue focusing on “people, innovation, responsibility and accessibility.”

Fashion week’s evolving focus

Monte-Carlo Fashion Week has increasingly emphasised sustainability and social responsibility alongside traditional fashion showcasing. The event, which receives official backing from the Principality, seeks to distinguish itself from larger fashion weeks by focusing on what it describes as ethical and responsible fashion practices.

The 2026 edition continues this approach, with organisers stating the event gives voice to designers working on inclusive and sustainable practices. It comes as the fashion industry has faced scrutiny over “greenwashing” claims, with critics questioning whether sustainability messaging matches actual environmental and social impact.

Del Vecchio’s award reflects a broader trend in fashion industry recognition extending beyond design creativity to include corporate social responsibility initiatives. The OneSight Foundation, which he leads in Italy, provides vision care services in underserved communities, though the foundation is funded by EssilorLuxottica, which benefits commercially from increased awareness of vision needs.

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Monaco warns residents of scam targeting Espace Lamartine membership

The Monaco Mairie has issued a fraud alert after a scammer began targeting residents by falsely claiming to represent the municipal social services and offering membership to Espace Lamartine.

The fraudster contacts victims claiming to be a social services manager and proposes membership to the community facility, mentioning a partnership with a bank. The person tells targets they will visit their homes to finalise the membership and offers a box of chocolates as a “welcome gift”.

The town hall confirmed the approach is a scam attempt and warned residents not to respond.

No home visits for membership

According to the Mairie, no municipal agents conduct home visits for membership applications. All membership requests must be made directly through official channels, not at private residences.

The municipality also clarified that no bank partnership is involved in Espace Lamartine membership procedures.

Espace Lamartine serves as a community centre providing social activities and services to Monaco residents. Legitimate membership information is available through official town hall channels.

How to respond

Residents who are contacted by someone claiming to offer Espace Lamartine membership should not engage with the caller and should immediately report the incident to relevant authorities.

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