The number of transactions is slowly falling and prices are calming down… a little. A survey of notarial offices by Immonot, the real estate advertisement site for notaries, indicates that, for 52% of the offices questioned, this number has slowed down this summer and will continue to decrease in the two months to come.
For 40% of the studies, the number of transactions remains stable, and only 8% note an increase. “It’s a long erosion rather than a fall: we were at 1.2 million transactions at the end of December, and it should not exceed one million at the end of the year, a score equivalent to that of 2020”says Immonot.
Will this drop in transactions be followed by a drop in prices? Opinions are very divided: 59% of notaries surveyed by Immonot think that prices will fall, but 45% are betting on their stability in the coming months, and only 6% for their increase.
+0.3% in France in September
The monthly barometer of the estimation and advertisement site Meilleurs Agents indicates, for its part, that the real estate market is resisting: real estate prices increased by 0.3% in France in September 2022.
Prices are stable in Lyon, almost stable in Strasbourg (+0.1%), Toulouse (+0.2%) and Lille (+0.3%). They increased a little more in Bordeaux and Nantes (+0.6%).
Montpellier and Marseille are seeing prices continue to increase more strongly: + 1.3% and + 1.2% respectively. But some cities are on a downward trend: this is the case of Rennes (- 0.2%), Nice (- 0.5%) and Paris (- 0.1%).
In the capital, the trend towards stagnation or a slight decline seems set to last and sales times continue to lengthen, going from sixty days on average to sixty-eight days over the past three months. At 1er October, five arrondissements were below the 10,000 euro per square meter mark: the 12e13e18e19e and 20e. But the most requested arrondissements, such as 5ethe 6e and the 7eremain above 13,000 euros per square meter.
Fewer buyers
This drop is now reaching the suburbs, which was not the case until now. Prices in the inner suburbs have not increased over the past two months, particularly in Hauts-de-Seine, where prices fell by 0.1%.
Only Seine-Saint-Denis, where property prices are lower (4,325 euros per square meter), saw an increase (+ 2.9% in one year), but prices there have also been falling for a month (- 0.1%).
In the outer suburbs, the situation is the same: Yvelines have seen prices fall since the summer (-0.2%), Essonne and Val-d’Oise remain stable.
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