prices at their highest before a drop in the coming months?

The single-family home market to which the French had turned with the Covid crisis is running out of steam with prices reaching record highs in the first half of 2022, according to figures from the old real estate market from the agency network. Century 21.

This movement towards houses, or chlorophyll purchase, is confirmed in the figures for house purchases in the whole of France as in le-de-France, so much so that it ignited the prices and tense this market, indicated the new president of Century 21 Charles Marinakis, during a press conference.

In 2022, average prices per square meter continued the rise they have been experiencing since 2014-2015, reaching new records, both for houses (2552euros per m) and for apartments (4061euros per m). This represents an increase of 21% and 28% respectively over the last fifteen years.

A decline in sales in the first half of 2022

However in the first half of 2022 the number of sales fell by 7.9% for houses, while apartment sales continued to rise by 1.7% compared to the first six months of 2021, according to figures from Century 21.

The Provence Alpes Cte d’Azur region is the one that has seen its prices increase the fastest in one year: +15.5% for houses and +10.8% for apartments.

In Ile-de-France, if the successive confinements had made Parisian executives want to make leaps and bounds on the outskirts to gain surface area (…) this episode is coming to an end, with in particular the increase in the price of fuel and that of energy, according to a press release from Century 21.

The intramural Paris market is behaving the opposite of national trends, according to Mr. Marinakis. The price per m Parisian is stable, which favors the dynamism of the real estate market whose sales increased by 17.3% in one year.

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With inflation at 5.2% to date, the question of purchasing power will become crucial for the vast majority of households, and the rest–live the sticking point when it comes to taking out a loan from establishments banks, estimates the real estate network that this should lead to a sharp deceleration in the rise in real estate prices in the coming months.

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