The fall in prices settles in Paris and points its nose in the rest of France, except in rural areas where prices still resist.
Will the real estate market collapse? The question is on the lips of many households. For the time being, prices are falling but a moderate decline. Confirmation with the latest Best Agents study: prices have fallen by 5% in Paris over the past 12 months. Unheard of since the financial crisis of 2008! At that time, prices had fallen by 7% in the capital between July 2008 and April 2009. The bar of 10,000 euros per m2 is gradually approaching: an apartment in the capital, sells 10,082 euros per m2, on average, according to Meilleurs Agents.
Seven districts under 10,000 euros per m2. As a result, activity reached a record in 2022: more than 41,000 properties changed hands, according to notaries. But since the beginning of the year, the mood in the capital has been more gloomy. To maintain the same purchasing power as a year ago, prices would have to fall by 20%,' explains Thomas Lefebvre, scientific director of Meilleurs Agents.
Like Paris, prices are also falling in major cities. In April alone, prices fell by 1% in Bordeaux and 0.7% in Kyon and Montpellier. Rural areas are also less festive, even if there is no question of falling prices. The surge in prices in recent years (+11% in 2021 and +6% in 2022) has already melted and has given way to quasi-stability (+0.6% since the beginning of the year).
"Less access to credit affects sales volumes and therefore demand," Lefebvre said. Buyers have regained control and sellers are often forced to negotiate lower prices if they want to succeed in selling their home. And it shows in the negotiations." A couple of buyers visited our apartment 5 times before deciding to make an offer. We agreed to a 4% reduction but the offer is satisfactory and we will probably not have such a high proposal," says Marion, whose Parisian apartment had been on sale for almost a year and a half. Source : https://immobilier.lefigaro.fr/article/les-prix-immobiliers-ont-baisse-de-5-a-a-paris-en-un-an_586ca39c-e8d7-11ed-b6d6-069e6ebcca4e/