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".
Prices and real estate market in Paris in 2024 : a turning point?
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.
Real estate prices in Paris & France : evolutions and outlook OCT 2023
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 update and outlook FEB 2023
Immobilien markt in Paris (-1,7%) und in der banlieue - Paris : Das Spielfeld wird neu konfiguriert
Paris : Das Spielfeld wird neu konfiguriert :
Im Gegensatz zum Rest Frankreichs hat der Pariser Markt über ein Jahr lang keine Wertsteigerung erlebt. Nach einem Rückgang in der ersten Hälfte hat sich der Durchschnittspreis von 8.450 € bis Pont de Flandre im 19. Arrondissement bis 16.700 Odeon im 6. Arrondissement bei rund 10.377 € / m² stabilisiert.
Sogar in FEB liegt der preis bei 10 200 €/ qm.
Paris real estate prices : The playing field is reconfigured (-1,7% / year)
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.
These districts of Paris where real estate has taken a big hit
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 increases should (again) accelerate around Paris
While prices change very little in Paris, notaries are forecasting price increases that are still accelerating in the other Ile-de-France departments. And more particularly in the Great Crown.
The appetite of buyers for housing in Ile-de-France is not drying up. While property prices remain relatively stable this summer in Paris, in the inner and outer suburbs, the market continues to get carried away. Prices are even soaring faster than in the spring in places, according to estimates communicated by Parisian notaries in their latest monthly barometer. "After a slight slowdown in recent months, price increases could again accelerate, according to leading indicators on pre-contracts", communicate the Notaries of Greater Paris.
Real estate price: in Paris, two districts at more than 14,000 € / m²!
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.
AFTER BEING TURNED BY THE CRISIS, THE FURNISHED RENTAL MARKET IN PARIS AND FRANCE IS GRADUALLY NORMALIZING
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.
Will the pedestrianization of Paris-Center cause real estate prices to soar?
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.
Paris City Hall wants to make the center of the capital pedestrian and ban transit traffic from 2022
AS IN 2020, THE PARIS REAL ESTATE MARKET IS RESISTING TO THE CRISIS AT THE BEGINNING OF THE YEAR
AS IN 2020, THE FRENCH REAL ESTATE MARKET IS RESISTING TO THE CRISIS AT THE BEGINNING OF THE YEAR
Fnaim notes a still very sustained pace of sales and resisting prices. But she also sees the end of euphoria in the big cities.
(BFM Immo) - "The residential market remains unmoved in the face of the crisis". This is how Fnaim sums up the year 2020 and the start of 2021. Indeed, last year the real estate market resisted the crisis very well. The resumption of visits and signing of sales agreements following the first confinement led to a rebound in sales from August 2020. "Over the whole of 2020, sales volumes have not down only 4%. The ministry estimates that around 1,046,000 transactions were carried out over the last 12 months at the end of February 2021 ", specifies Fnaim in its latest economic report.
Real estate: Neuilly-sur-Seine (near suburb of Paris) spared by the crisis
Real Estate Market in this early spring : Even Paris is recovering
Paris & France Real Estate prices UPDATE April 2021
TENSIONS ON OLD HOUSING PRICES IN MARCH
The rise in the price of second-hand housing continues, without slowing down. With the rebound in demand seen at the end of February, the signs of weakening their progress that had appeared with the 2nd containment have faded. And between December 2020 and last March, the price increase was 3.0% for the entire market. Moreover, during the month of March alone, prices increased by 4.6%: such a development is frequent in early spring and it is normally seen during this period, when the market is recovering.
Property prices : outlook notes (notary offices data) - April 2021
Extract translated from the notaries' document (see source)
Now is the time for the first assessments and, first of all, for an absolutely unprecedented year. The results of the 4th quarter confirmed the comments we made in December 2020 when we already announced a resilient real estate market thanks, in particular, to healthy and solid parameters, the nature of which did not seem to suffer from the effects of the health crisis. . With regard to volumes, an upward recovery has been observed since September 2020, to total 1,024,000 transactions as of December 31, 2020
Paris real estae Agency Youtube Playlist (updated May 2021)
Is the Paris real estate market losing its attractiveness?
Paris will always be Paris but it is gradually emptying its inhabitants ... Should this be seen as one of the consequences of the multiple confinements to which we have been subjected and which have not failed to reshuffle the cards of the real estate market ? Still, a shifting phase seems to have started between a metropolis visibly lacking in attractiveness and medium-sized cities whose love ratings keep rising. Prices, rents, attractiveness ... State of play of the Parisian real estate market.