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The drop is there: real estate prices in the region, city by city


OUR ADVICE - After years of continuously rising prices and strong growth in sales volumes, the property markets of major cities are marking time. If no crash is in sight, the downturn in the economic situation is noticeable almost everywhere.

The buying fever, which drove up prices after deconfinement, has ended in all French metropolises.

At the end of 2022, their real estate markets began to turn around, as several indicators turned red.

First of all,

the shortage of goods for sale, which pushed buyers to decide quickly and buy at the highest level, is now over,

says Philippe Descampiaux, director of the Citya Descampiaux agencies in Lille.

In parallel with the increase in housing supply, demand has weakened.

Because the rise in borrowing rates has eroded buyers' budgets and dampened their appetite.

It is especially first-time buyers who are struggling to become homeowners since the tap of easy, inexpensive credit has stopped flowing.

As small apartments sell less well and less quickly, their owners are putting their purchase plans on hold, which is gradually gripping the entire market.

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Despite everything, transactions continue to…

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Source: lefigaro

All news articles on 2023-03-24

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