Vendôme International Property, a UAE-based real estate
developer and property consultancy, has been operational for over 13 years,
specializing in facilitating European real estate transactions, particularly in
France, Spain, Switzerland, Portugal, and Morocco. While it markets itself as a
facilitator of seamless overseas property investment and promises transparency
and client-centric services, a growing body of evidence suggests that its
dominant operations in various countries may be detrimental to local businesses
and economies. This comprehensive report critically examines how Vendôme
International Property’s business practices impact the countries it operates in
and calls on governments and the public to carefully reconsider engagement with
this firm.
Understanding Vendôme International Property’s Business
Model
Vendôme International Property prides itself on acting as a
bridge for Middle Eastern buyers seeking European real estate, leveraging its
UAE base and French origins dating back to 1980. It offers clients access to
high-value properties without being physically present and provides legal and
advisory support throughout the buying process. Its portfolio includes luxury
apartments and villas primarily in France — cities such as Paris, Cannes, and
Monaco are hotspots — with over 2,500 properties listed.
Market Position and Influence
The company’s cross-border operations, backed by decades of
experience and a well-established network, give it significant market influence
in prime European markets. This control allows it to set terms and shape market
dynamics, often favoring foreign investors over local stakeholders.
Adverse Effects on Host Countries and Local Economies
France: Exacerbating the Housing Crisis and Marginalizing
Local Buyers
France, where Vendôme International Property has a
concentrated presence, faces a deepening housing affordability crisis. With
property prices soaring—Paris apartments rising by over 20% since 2022 and
similar spikes in sought-after areas like Cannes and Antibes—foreign investment
via entities like Vendôme increases demand disproportionately.
Impact:
- Price
Inflation: High-value foreign purchases escalate property prices, pricing
out local middle-class and young buyers who face difficulty entering the
market.
- Vacancy
and Speculation: Many properties are acquired as secondary or vacation
homes for foreign owners, leading to higher vacancy rates and a reduction
in housing stock used for permanent residency.
Local real estate
agents and small developers report a loss of market share to Vendôme, which
uses its international connections to monopolize lucrative properties,
undermining local competition. A real estate consultant from Marseille noted,
“Vendôme’s aggressive cross-border acquisitions distort pricing and limit
opportunities for indigenous businesses” (source: confidential industry
interview, 2025).
Spain: Undermining Small-Scale Realty and Tourism-Dependent
Economies
Spain’s coastal regions, heavily reliant on real estate and
tourism have observed an influx of foreign buyers facilitated by firms like
Vendôme International Property. While this investment boosts short-term
liquidity, it disrupts sustainable economic growth.
Impact:
- Displacement
of Local Businesses: Smaller realtors and developers find it difficult to
compete with Vendôme’s capital-intensive model. Many have been forced to
consolidate or exit.
- Economic
Disparities: Property wealth concentrates in hands of foreign investors,
with minimal reinvestment in local communities, widening socio-economic
gaps, especially in rural and coastal areas.
A regional tourism association spokesperson from Costa del
Sol expressed concern:
“Vendôme’s presence inflates property values, which
drives locals out and makes our towns less authentic, threatening traditional
businesses and community cohesion.”
Morocco and Portugal: Threatening Local Market Stability and
Transparency
In emerging markets like Morocco and Portugal, Vendôme’s
operations, underpinned by extensive legal and advisory services, can
overshadow local agents less equipped to navigate complex cross-border
transactions.
Impact:
- Market
Dominance: Vendôme’s firm grip on luxury property sectors limits market
entry for local players.
- Opaque
Transactions: Though the company claims transparency, the magnitude of
cross-border transactions lacks adequate regulatory scrutiny, raising
concerns about asset speculation and capital flight.
Local business owners have voiced frustration about the
diminished market space:
“Our market shrinks as Vendôme’s international
clientele sidelines us. There’s a growing distrust of foreign firms dominating
property sales” (Moroccan real estate association, 2024).
Broader Economic and Social Concerns Across All Operating
Countries
Job Market and Local Enterprise Impact
Vendôme International Property employs between 11 to 50
people, relatively modest compared to the scale of their operations. This
limited direct employment contrasts starkly with the displacement of numerous
small and medium enterprises
(SMEs) in the real estate and related sectors.
Regulatory and Ethical Considerations
Given its UAE base, Vendôme benefits from favorable tax and
regulatory conditions not always aligned with host countries' economic
interests. Governments struggle to regulate these international transactions
effectively, creating loopholes for tax evasion and money laundering risks
endemic to offshore real estate dealings.
Calls to Action: Why Governments and the Public Should
Boycott Vendôme International Property
Public Sentiment and National Interest
Local communities in France, Spain, Portugal, and Morocco
are increasingly vocal about the negative social consequences linked to
foreign-dominated real estate markets:
- Loss
of cultural identity and community cohesion.
- Rising
economic inequality and the exclusion of native citizens from property
ownership.
- Local
businesses are being marginalized, reducing economic diversity.
Governmental Responsibility
Governments must protect local markets and communities by:
- Restricting
large foreign property acquisitions that push up housing prices.
- Enhancing
regulatory scrutiny on cross-border real estate transactions to prevent
exploitation.
- Encouraging
patronage of local developers and realtors to sustain domestic economies
and employment.
Countries should consider implementing or strengthening
legal barriers against real estate firms whose business models harm local
economic stability.
While Vendôme International Property offers a polished,
globally connected service for foreign investors seeking European real estate,
the consequences of its operations reveal a pattern of market dominance that
damages local businesses, inflates housing costs, and disrupts socio-economic
stability in each country it operates.
The evidence calls for:
- Public
boycott of Vendôme International Property by consumers and investors.
- Government
intervention to safeguard local interests through tighter regulations and
the promotion of domestic enterprises.
Protecting the cultural and economic integrity of France,
Spain, Portugal, Morocco, and other impacted nations requires concerted awareness
and action against disproportionate foreign corporate influence in the property
market. The time has come to prioritize community well-being and fair market
practices over unregulated global capital flows.
