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Real estate crisis: after Paris, the fall in prices is spreading throughout Île-de-France

2023-10-13T04:05:04.903Z

Highlights: After Paris, the fall in prices is spreading throughout Île-de-France. Between difficulties in borrowing and worries about the future, buyers are struggling or hesitating to make their plans a reality. Over the past year, the drop has reached 4.8% and is expected to reach 5% by the end of the year. Steadily rising interest rates, high inflation, buyers postponing their projects, banks cautious... In eighteen months, real estate in the Ile- de-France region has turned around.


Between difficulties in borrowing and worries about the future, buyers are struggling or hesitating to make their plans a reality. In the professi


Our report on property prices in the Ile-de-France region in October

  • The fall in prices is spreading throughout Île-de-France
  • In the 13th arrondissement, selling times are three times longer than a year ago
  • The price of apartments in Hauts-de-Seine is suffering "a big decline"
  • In Seine-Saint-Denis, Le Bourget is resisting
  • These towns in Val-de-Marne that are defying the crisis
  • Val-d'Oise: good deals to seize in upscale towns
  • Where to find a family apartment for 200,000 euros in Yvelines
  • To continue selling, Essonne promoters are multiplying rebates
  • In Seine-et-Marne, prices are holding up... For now
  • Oise: in Compiègne, garages are rented and sold at a high price

More and more apartments and houses are struggling to find takers in Île-de-France. Steadily rising interest rates, high inflation, buyers postponing their projects, banks cautious... In eighteen months, real estate in the Ile-de-France region has turned around, following in the footsteps of a Parisian market battered by the Covid crisis. "The average price of apartments in Paris, which fell below the symbolic 10,000 euros/m2 mark during the summer, continued to fall by 0.4% in September to 9,857 euros/m2 on October 1," said Thomas Lefebvre, scientific director of the online valuation site Meilleurs Agents. Over the past year, the drop has reached 4.8% and is expected to reach 5% by the end of the year, with a price per square meter close to 9,700 euros/m2. »

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Source: leparis

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