After a major rise in real estate prices in recent years, the market is down, especially in certain departments where the latest figures could give you more ideas…
What about the market forreal estate ? We are talking about a slowdown in the number of transactions in 2023, which could pass below the million mark according to the latest estimates published by the National Real Estate Federation (FNAIM). The volume of real estate transactions is at its lowest level since February 2021, when the market was still very much influenced by the Covid-19 pandemic. Today the context is different… The inflation that the government tried to control to limit its impact on the French last winter is not reassuring, and we must count on the continuous rise in mortgage rates and the rigor required of banks to respect the maximum debt ratio of 33% of borrowers in the acceptance of loans.
In fact, the fewer potential buyers And sellers are forced to lower prices. It’s a quite logical mechanism observed by the FNAIM since the beginning of the year. Between the months of last March to May, real estate prices fell by 0.6% throughout the territory. But some departments show a much larger drop than the others.
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A downward trend that must be confirmed
Our colleagues from CNews cite the six departments where the phenomenon is most flagrant, with at the top of the list the Alpes de Haute Provence (-2.9%), followed by the Rhone (-2.7%). The neighboring department which is placed on the last step of the podium is the Upper Loire (-2.6%). Want to invest? Here are three tracks in the South-East quarter of the metropolitan territory! The three other departments where the fall in prices is the strongest are located in the North-West quarter. it’s about the Vendeeon a par with Haute-Loire, the Finistere (-2.5%), then the Maine et Loire (-2.4%). The capital of this last department – Angers – definitely has everything to please, as it finished number one in the 2023 ranking of the cities where it is best to live in France published by the JDD. And this for the second year in a row!
Note that the FNAIM projects a downward trend that would be sustainable, from 5% for the whole of 2023 In France. From there to fear the “real estate crash”? The experts do not believe it, it would be “completely impossible” recall in particular The echoes.
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