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"Confidence is coming back": in Paris, the real estate market is taking off again

2021-05-03T17:36:17.337Z


Normal life has not yet returned to the capital and, yet, the charm of the City of Light seems to be operating again in the market.


After a decline of 2.1% over one year, the property price curve seems to be inverted during this month of April in the capital.

The Best Agents price estimation site thus notes a (very) slight increase of + 0.3% (against + 0.2% nationwide).

In general, large cities, which were no longer very attractive since the start of the pandemic, are also on the rise.

Thus, Marseille (Bouches-du-Rhône) and Nantes (Loire-Atlantique) show + 0.6%, Lyon (Rhône) + 0.5%… So, just a stir or a sustainable trend?

If Paris is slowly raising its head, it is not yet a turnaround in the market since, between April 2020 and April 2021, all the arrondissements show decreases of - 1.3% to - 4.6%, with the exception of of the 19th (with + 0.6%) and 2nd (+ 0.3%) arrondissements.

The average price is therefore displayed at 10,296 euros per square meter.

"There is undoubtedly a seasonal effect"

But there are signs that this could change.

Thus the number of buyers is on the rise again with 10% more than sellers, against 5% at the end of December.

Another element: the average transaction times which drop to 49 days on average, or 4 days less than at the end of 2020.

“There is undoubtedly a seasonal effect, analyzes Thomas Lefebvre, scientific director at Meilleur Agents.

People are looking to move before the start of the school year.

And then, the situation begins to stabilize, confidence returns.

Paris remains a real economic lung.

As for desires elsewhere highlighted during the pandemic, its impact remains limited.

And teleworking is not going to revolutionize habits because, according to a survey of companies, it would be one or two days at the end of the pandemic.

Not enough to go into exile at the other end of France.

"

Read also Real estate in Paris: one year later, how the Covid-19 changed the market

From there to saying that this will put an end to the decline, there is a step that the expert is careful not to take.

Because, the elements which served the capital are still present: non-existent Parisian life, lack of love for small surfaces, need for greenery, very low real estate purchasing power.

"Everything will play out with the economic recovery and the end of the health crisis," insists Thomas Lefebvre.

This would allow future buyers to have a minimum of prospects.

"

Slight increase in all Ile-de-France departments

So is it better to play the wait or buy now?

"If you have a project and if you are solvent, there is no point in waiting," he continues.

The rates are very low, you have to take advantage of them.

In addition, you are not going to earn much because it has been a while since we have not done good business in Paris.

On the other hand, by dint of waiting, you risk having more competitors.

"

The Parisian recovery is also found in the cities bordering the large agglomerations, and in particular those of Greater Paris.

"It is obvious that as soon as the pandemic is over, the municipalities which benefit from the arrival of the supermetro will undoubtedly be the first to stand out," he insists.

Moreover, all the Ile-de-France departments are also experiencing an improvement in prices of + 0.1% to + 0.6% for this month of April.

Source: leparis

All news articles on 2021-05-03

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