[HIGHLIGHTS] Real estate prices: how far will the decline go in Paris and Île-de-France?

In March, prices showed a decline of 0.5% in the capital to 9,298 euros/m2. Paris saw its prices fall by 7.3% in one year as of April 1st.

In three years, Parisian prices have fallen by 12.3%. “We have never experienced this,” insists an expert. “This drop is severe, stronger than last year at the same time,’ says Thomas Lefebvre, vice-president of data at SeLoger and Meilleurs Agents, at the origin of the barometer of real estate prices stopped on April 1. ‘We can even speak of a decline because when we compare with previous crises, we see that prices are falling more annually than between 1990 and 1997.’ – Thomas Lecompte, expert at Se loger and meilleurs agents, on the fall in prices in Ile-de-France in the last seven years of the crisis.