The data from Find-un-logement-neuf.com, which references more than 4,000 new programs available in France, once again confirms the pressure exerted on the prices of new apartments. The portal first notes that the supply continues to shrink: 127 cities had at least five new programs on sale this month while there were still 150 at the start of 2021.
This continuous decline in supply since 2018 has contributed to the rise in new property prices while multiple factors are now combined with of course inflation in the cost of building materials, a lack of labour, first consequences of the gradual implementation of the principle of “Zero Net Artificialisation” (ZAN) which is likely to further increase the price of land or the future impact of the new environmental regulations for new housing RE 2020.
Another +3.6% in 6 months
Find-un-logement-neuf.com estimates that the average price of a three-room apartment (reference area in real estate development) has increased by around 3.6% in six months, to just over €315,000. on average, i.e. around €10,000 extra. Overall, 4 out of 5 cities are now showing price increases, compared to 3 out of 4 a year ago.
Find-un-logement-neuf.com observes in particular a surge in prices in Anglet where the average price of a 3-room apartment now reaches 500,000 €, in Saint-Malo where this price exceeds 380,000 € or in Toulouse, a city always sought after for rental investment, with an average approaching €300,000. Find-un-logement-neuf.com observes only two cities offering a three-room apartment at less than 200,000 € on average: Pau and Perpignan.
The Laboratoire de l’Immobilier, a research service for wealth management professionals, already noted in May 2022 a price increase of 7% over 12 months in the major cities of metropolitan France with more than 45,000 inhabitants.
The RE2020 programs will soon be on sale
” The implications of Net Zero Artificialisation and the lack of land that should result from it, the consequences of the entry into force of the new RE 2020 environmental regulations, which will be reflected in the prices of future new programs soon to be marketed, are elements which will further weigh on the costs of becoming a new owner “Says Céline Coletto, spokesperson for Find-un-logement-neuf.com. Not to mention the arrival in 2023 of Pinel+ with necessarily more expensive selling prices.