Over the last 12 months, prices in Paris have fallen by an average of 8%, reaching around €9,350/m². House prices in Paris and the Île-de-France region have fallen by an average of 10%. Compared to the historic peak in September 2020, this represents a drop of 14% in nominal terms, and 28% in constant euros (adjusted for inflation). In the short term, the trend remains towards lower sales volumes and stagnant or even slightly lower prices. However, recovery forecasts for 2025 give hope that "the worst is behind us".

The increase in rates has excluded many households from homeownership. The market should return to the fundamentals of balancing supply and demand. Prices fall by -5% to -6% on average in Paris, with sometimes strong differences between districts. At the national level prices have fallen by 1% on average, but for example in Nice prices have increased by +3%. All this over the last 12 months. However, positive indicators are emerging.

Click on the link to learn more about the outlook for the Parisian and national real estate market.

UPDATED END OF OCTOBER 2023: The average real estate price in Paris has clearly fallen below the symbolic bar of €10,000 per m². Prices fell by 0.4% in September 2023 over one month, reaching €9,850 per square meter on average. A national forecast anticipates a drop of 4% to 5% in prices over the next 12 months on average, as well as a drop in transaction volume of 10 to 20%. Buyers are increasingly rare and the volume of transactions continues to decline (1.2 million in 2021 compared to less than 1 million forecast for 2023), a drop of around 20% at the national level. In Paris, we expect approximately a 20 to 30% drop in the volume of transactions according to notaries and the FNAIM.

Paris real estate market: evolution and outlook FEV 2023 The French real estate market and in particular the Parisian market are experiencing significant changes that have not been seen for many years.

Average prices in Paris have stabilized since May 2022 at around €10,200/m² on average, whereas a year earlier they had crossed the €11,000/m² mark. There is a wait-and-see attitude on the part of some buyers who hope to see a drop in prices.

Parisian real estate market update based on many different studies.Brought to you by : Talvans.com

SOURCES :

Playlist YouTube Immobilier Juillet 2022 : https://www.youtube.com/playlist?list=PLBtTI7MR-kfARAn6k3f67r4oBfEA0FICb

Baromètres des prix immobiliers MeilleursAgents : https://www.meilleursagents.com/a-propos/espace-presse/

Baromètre des prix immobiliers LPI-SeLoger : https://lespriximmobiliers.com/

SeLoger (articles divers): https://edito.seloger.com/

Sondages et études immobilières IFOP / FNAIM : https://fr.finance.yahoo.com/news/immobilier-retournement-n-envisag%C3%A9-ralentissement-122902552.html et www.fnaim.fr

https://www.tf1info.fr/immobilier

https://www.bfmtv.com/economie/replay-emissions/good-morning-business/immobilier-de-moins-en-moins-de-biens-a-louer_VN-202207110051.html

Graphiques : Sources mentionnées sur les graphiques eux-mêmes et Tunnel de Frigitt : Par Gandie — Travail personnel, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=12535894

Paris : The playing field is reconfigured :

Unlike the rest of France, over one year the Parisian market has not seen its values ​​increase. After declining in the first half the average price has stabilized at around 10 377 € / m² from 8 450 € to Pont de Flandre in the 19 th arrondissement to 16 700 Odeon in the 6 th arrondissement.

Paris is still popular but not all districts are housed in the same boat. Decreases can exceed 5%. Future buyers, follow the guide.

"Now is the time to buy in Paris!" We are often ironic about this formula that we hear every year from the mouths of real estate experts. But, for a year, the wind has been favorable for buyers. Prices have fallen in the capital by 1.3% in the past 12 months, according to Best Agents, and credit rates are still low. "Real estate pressure is easing,"

Real estate price: in Paris, two districts at more than 14,000 € / m²!

While the price of Parisian real estate continues to rise (+ 5.3% over 1 year), in the 6th and 7th arrondissements, becoming a homeowner has never been so expensive! Judge it, the price of stone there now exceeds 14,000 € / m²! and the glass ceiling does not seem to be close to being reached.

Paris & France real estate Prices 2021 - Market update

CONTINUED RISE IN THE PRICES OF OLD HOUSING

The slowdown observed during the 2nd confinement was combined with withdrawal usual seasonal housing prices elders observed during the winter months. But at From March, their progress resumed at a sustained pace: and in April, the increase on 3 months was 2.7%, for the entire Marlet. Also, the annual increase is now 5.0%.

EVEN WITHOUT FOREIGN BUYERS, LUXURY REAL ESTATE IS BOOMING IN PARIS

In luxury real estate, private mansions, apartments with terraces or gardens are the most popular.

Please consult original source for more.

Brought to you and translated by Talvans.com

AFTER BEING TURNED BY THE CRISIS, THE FURNISHED RENTAL MARKET IN PARIS AND FRANCE IS GRADUALLY NORMALIZING

With tourists absent, the offer for furnished long-term rentals has exploded in a few months. This has sometimes resulted in cheaper furnished rents than with an empty rental in some cities. But the market is starting to normalize.

Real estate prices could soar in the center of the capital. The town hall wants to "drastically reduce" the traffic of transit vehicles in the first four arrondissements of Paris, as well as in the part of the left bank located north of Boulevard Saint-Germain in the 5th, 6th and 7th arrondissements. This was recently explained by Anne Hidalgo's EELV deputy, David Belliard. In this context, a phase of consultation with the population was launched on Wednesday May 12, 2021.

Some 180,000 cars pass there every day, it is "ten times more than the number of cars of those who live there", affirms David Belliard, the deputy (EELV) of the mayor PS Anne Hidalgo, in charge of the transformation of public space.

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THE RISE IN REAL ESTATE PRICES ACCELERATES IN SEVERAL BIG CITIES

According to the SeLoger barometer, the price per square meter has increased by 5.8% on average over one year in France. And in some cities, the market is racing. In Limoges, for example, house prices are increasing three times faster than in 2020.