In Paris, real estate prices fell by 4.5% over one year. (Sadnos/Pixabay)
Real estate prices are down slightly across the country year on year. Large cities are more affected by the phenomenon with the exception of Nice and Marseille.
The fall in real estate prices is a reality in the major French cities, according to the results of the return to school by Meilleurs Agents, relayed this Tuesday, September 5 by
Capital
. After seven years of increase, the decline reached 0.4% over 12 months. When we look at prices in the ten largest cities, real estate prices even fell by 1.1% over one year in September.
In some cities, the trend is even more marked. In Paris, we are witnessing a historic drop in prices over one year (-4.5%). Since 2020, prices have fallen by 7.6%. The average price per square meter of goods fell below the symbolic bar of 10,000 euros. But cities are even more affected, such as Bordeaux (-8.6% over one year) and Lyon (-8.1%).
Prices are expected to continue falling in 2024
“The fall in transaction volume is driving prices down in more than half of the country’s cities,
comments Thomas Lefebvre, scientific director at Meilleurs Agents.
There is an accumulation of the number of goods for sale in the metropolises. »
Two cities are resisting price erosion. Nice (+7.9% over one year) and Marseille (+2.2%). In Rennes, Nantes, Montpellier, Toulouse, Lille or Strasbourg, prices have fallen or stagnated.
Will the situation continue? The rate hike has
“dried up demand which should continue to deteriorate in the coming year”
according to Top Agents.
“We expect house prices to decline by around -4% in 2024”
says Thomas Lefebvre.
2023-09-07 16:13:59
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