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Real estate prices start to fall in France

2023-01-03T18:46:44.457Z


ANALYSIS - As a result of higher credit prices, housing prices are starting to fall. Unheard of for ten years


The post-Covid euphoria is well and truly behind us.

High interest rates, difficulties in accessing credit, and the decline in household purchasing power linked to inflation, have cooled a property market that had hitherto been in full swing.

The prices which were flying from record to record, begin to fall.

A first since the years 2011 and 2012.

“Since the summer we have been witnessing a turnaround in the market”,

notes Charles Marinakis, head of the Century 21 network, who published his report for the year 2022 on Tuesday.

The figures for 2022 do not yet reflect this situation.

Year on year, prices are up 4% for apartments and 7.1% for houses, according to Century 21. Sales are expected to reach 1.13 million units, very close to the all-time high of 2021 (1.17 million sales).

But in detail, photography is quite different.

Apartment prices, which peaked in July at 4,480 euros per square meter on average, fell to 4,167 €/m

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Source: lefigaro

All business articles on 2023-01-03

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