–Real estate prices are rising. (© Nicolas Tucat – AFP)–
After a few months without momentum, MeillAgents notes that property prices have regained their dynamism in France. Salespeople are once again in a strong position, with selling times dropping rapidly.
(BFM Immo) – Real estate prices are coming out of the red. “After a year marked by a lack of clear trends in the real estate market, dynamism is again at the rendezvous”, notes MeilleurAgents in its latest barometer. In 10 of the eleven largest cities in France, prices have increased. They rose 0.4% on average in June compared to May.
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For some cities, the increase is very clear. Thus, Nantes (+ 1% over one month), Strasbourg (+ 0.9%), Lille (+ 0.7%) or even Marseille (+ 0.7%) are regaining their price dynamics before the health crisis. . Over the past three months, these municipalities have seen their prices jump by 1.6% on average (1.6% in the Marseille capital, for example, and up to 1.9% in the Bas-Rhin prefecture) .
The increases are then less significant with Toulouse (+ 0.4% over one month), Rennes (+ 0.4%), Bordeaux (+ 0.3) and even Paris (+ 0.3%). “If the City of Light still has room to forget the some 500 € / m² lost in the space of a year (-1.7% since last June), Toulouse and Bordeaux have for their part succeeded in erasing their variations of prices in recent months (0% and -0.1% in one year, respectively). As for Rennes, it has made short work (+ 5% in one year), “notes MeillAgents. The only exception is therefore Montpellier. Prices are down 0.3% in a month and 1% in a year.
Buyers in number
According to MeilleurAgents, this dynamism should continue. The market is on the way to tighten up in favor of sellers. In fact, homeowners are making a comeback, driven by the gradual decline in uncertainties about the country’s health and economic development (acceleration of the vaccination campaign, effectiveness of support measures, good performance of the food market. employment,…). There is also a more traditional seasonal effect, with sales increasing in the spring.
Toulouse, for example, has seen its number of potential buyers doubled since January (7% more buyers than sellers at the start of the year against 14% currently). The same goes for Bordeaux where the proportion of additional buyers has gone from 5% to 10% in just five months. Better still, apart from Nice, today there are at least 10% more buyers in all the major cities of France (Paris included) than sellers (11% in Lyon, 12% in Nantes, 13% in Montpellier and Rennes, 14% in Lille and up to 22% in Strasbourg).
The decline in sales times, for its part, is accelerating. It takes an average of 10 days less than at the start of the year to complete a transaction. They have shortened since January by 7 days in Rennes, 10 in Nice, 11 in Bordeaux and 12 in Toulouse, and have literally melted away in Marseille, Nantes and Lille (-15 days). Almost half of the large French metropolises have seen their selling time fall around 42 days. “A level never reached even in 2019; a time when the stock of applicants for property was at its highest. For comparison, it took an average of 65 days in June 2019 to sell a property in Lille against only 43 today” , specifies BestAgents.
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