French real estate: What is the difference between a terrasse and a balcony?

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French real estate advertisements have confused me again.

As a native English speaker I have a challenge understanding the usage of the term ‘terrasse’ in a French real estate advertisement which to me typically means a paved exterior area.

In a French real estate advertisement it can indeed mean a paved exterior area, however, it often means a large balcony where you can sit with a number of friends to enjoy some time.

In contrast, a balcony in a French real estate advertisement typically means a very small outdoor area attached to an apartment where you may not even be able to place a chair.

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