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the decline in new home sales continued in the third quarter

The decline in the marketing of new housing in France continues in the third quarter compared to 2021 and remains below its level before the pandemic, according to figures published on Tuesday by the Ministry of Ecological Transition.

In the third quarter of 2022, 20,400 new homes were reserved by individuals (stage prior to the sales contract, editor’s note), i.e. 16.8% less than in the third quarter of 2021, a year of catch-up after the confinements of 2020.

The decline in reservations is more marked for individual houses (-26.4%) than for collective apartments (-16.2%).

New home sales for individuals, numbering 21,400 for the third quarter of 2022, also continued to decline with 9.8% less than in the third quarter of 2021.

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Prices up 6.4%

On the other hand, the average price of new apartments sold continues to increase, with an increase of 6.4% and an average price of 4,700 euros per m2. It increases more slightly (+1.7%) for houses, sold on average at 340,500 euros.

A total of 17.5% of reservations ended in cancellation by buyers, a share down from 1.5%, notes the minister.

Trends in the demand for and supply of new housing vary from region to region. The most rural areas saw a strong increase in the number of new homes marketed (+87.7% compared to the third quarter of 2021), for the second quarter in a row, even if these are low volumes, the market being concentrated over extended areas and large agglomerations.

In the extended areas, which include Paris, a large part of Ile-de-France, the Cte ​​d’Azur and the border area with Switzerland, sales and reservations are on the other hand down sharply, as well as than in cities with more than 250,000 inhabitants.

It should be noted that only the Centre-Val de Loire region recorded a 17.7% increase in both reservations and sales. This can be explained in particular by the marketing of several real estate programs of more than 100 housing units in the 3rd quarter.

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