Eleven thousand euros per m2 ... This mythical average which put stars in the eyes of all Parisian real estate agents will not be reached in the capital.
Even the notaries of Greater Paris, known for their great prudence in forecasting, set the average at 10,600 euros / m2 next April when it was 10,850 euros / m2 in November 2020. Like Paris, all large cities have been affected by a drop in prices since the end of the summer.
Lyon, Toulouse and Marseille are experiencing a similar situation.
Even medium-sized cities are starting to see their prices fall.
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Real estate: "The market for medium-sized towns is more protected, because less speculative"
"There are fewer buyers in Paris so, logically, the prices are affected, confirms Me Thierry Delesalle, spokesperson for the notaries of Greater Paris.
And this is partly explained by a form of fatigue to suffer only the disadvantages of a big city without enjoying the advantages.
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A wait-and-see attitude increased by the "ambient gloom"
Indeed, in recent years, the capital has not been spared: attacks, movement of yellow vests, strikes and, for a year, the two confinements against the Covid-19 epidemic which have accelerated the need for elsewhere and of space.
Result, according to Meilleur Agents, the real estate appraisal site, prices have fallen by 1.8% in one year and by 1.5% in the last three months alone.
But not all goods are in the same boat.
While studios to three-room apartments continue to sell, large apartments are experiencing a certain disaffection.
“After two confinements, couples with children are reluctant to invest in four / five-room apartments which represent nearly 20% of the park, continues Me Delesalle.
The other buyers of this type of property are foreigners and, as they are no longer there, this is reflected in the prices.
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Another phenomenon: the wait-and-see attitude.
“The gloomy environment and the risks to employment are a great incentive for sellers and buyers to turn their backs on while waiting for better days,” analyzes Stéphane Moquet, general manager of the Orpi real estate agency network.
And when there are still people interested, the level of requirement is more important, especially with regard to the presence of an outside person.
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Supermetro, Olympic Games ... so many factors of recovery
Finally, the development of teleworking is also a game-changer.
“Proximity to his workplace is no longer a criterion of choice,” underlines Yann Jéhanno, president of the Laforêt agency network.
It still changes the outlook quite a bit.
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But beware, no one is talking about a real estate bubble and when the pandemic ends, everyone is convinced that prices will start to rise again.
“Paris is a very small market, so it is very sensitive to economic variations,” insists Eric Allouche, executive director of the Era network.
The economic attractiveness of the capital, the construction of the supermetro, the Olympic Games in 2024, the lack of new constructions and unprecedented savings (more than 200 billion euros) are all arguments that go in the direction of a stabilization or even a recovery in prices in the years to come.
A downward trend in Lyon
Lyon is experiencing almost the same situation as Paris.
After ten years of unbridled growth (+ 39.1% in 5 years) and prices increasing by nearly 10% each year, which position the capital of Gaul as one of the most expensive cities in the provinces (4,943 euros / m2 on March 1, 2021), the real estate market is also experiencing a slowdown.
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Best Agents observed a decrease in prices of −1.3% over the last three months, and of −0.6% in March.
"It's new, it's the first time since 2001," notes Me Frédéric Aumont, president of the Rhône chamber of notaries.
However, he describes a stabilization of prices rather than a real general decline: “In Lyon, demand is so strong that the market remains strong and the fall in prices is only taking place on micro markets, on second-choice goods. .
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Trend confirmed by Anne de Planchard, vice-president of Fnaim du Rhône.
“No price reduction on beautiful apartments and high-profile addresses that sell during the week, she notes, but it is true that for ordinary constructions, in buildings from the 1950s to 1970s, often poorly insulated and never renovated, or poorly served by public transport, prices are negotiating downwards, up to 5% or 6%.
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A phenomenon observed for a few months in the 5th arrondissement, for example, where the announcement of the withdrawal of the priorities of the environmental president of the Metropolis from the project of a new metro line weakens the attractiveness of the district.
And lower the prices.
"Negotiations of 20,000 euros on the displayed prices"
In Villeurbanne, Emmanuel Capuano, of the CC-Immo agency, also notes the significant reluctance of buyers in the face of non-renovated condominiums, and therefore downward negotiations.
"In the district of Gratte-Ciel, a T4 offered in the low average at 279,000 euros finally went to 270,000 euros," he reports.
The apartment hunter Alexa Mortier, at the head of the “Change your home” agency, also sees the return of negotiations which had not taken place in recent years.
"I now observe negotiations of 20,000, even 30,000 euros on the displayed prices," she confides.
Six months ago, that wouldn't have been possible.
Since December, the sales deadlines have lengthened and the negotiations are more important ”.
She cites the example of a two-room apartment in the 5th arrondissement offered at 250,000 euros and finally left for 238,000 euros.
"In September, he would have left at the price," she says.
In the same way, in Ecully, a 103 m2 with balcony in a residence of the 1970s, valued at 420,000 euros six months ago, only found a buyer at 390,000 euros.
As in Paris, this small brake on prices does not seem to worry real estate market players, however, as demand for second-hand housing remains strong, driven by a very attractive agglomeration and a net new construction market. decline since 2017.