According to a study carried out by Meilleurs Agents, the prices per m2 of houses and apartments in the major cities of France have plummeted over one year. Here is the charts where the drop is the highest.
While real estate rates have been rising for several months, stone prices are falling, especially in major French cities. Paris, Marseille, Rennes, Lyon, Toulouse, Nantes and even Nice have indeed seen their prices per m2 plummet over the past year, according to a study carried out by Meilleurs Agents for things.
The decreases in Lyon, Bordeaux and Paris reach up to -8%
It is Lyons that the fallback is the strongest with -8.4% in one year 5,036 euros per square meter, on average, closely followed by Bordeaux which suffers a decrease in -7.3% compared to 2022. But this decline should be taken with a grain of salt. Indeed, again according to the echoes, the average price per square meter has increased by 49% in 10 years Bordeaux (compared to 29% on average in France). Same thing for Lyon, where prices have increased by 40% over the same period. Although the decline there is nevertheless less significant, Paris also saw its average price per m2 fall over the past year by -4.5%.
Nice, Marseille and Toulouse, prices continue to climb, gaining +6.2%, +2.5% and 2% respectively compared to 2022.
evolution of prices per m2 in major cities
Source: Best Agents – The Chos
| City | Average price per m2 (houses and apartment) on August 1, 2023 | price evolution over a month | price evolution over one year |
|---|---|---|---|
Paris | 10078euros | 0% | – 4.5% |
Nice | 5237 euros | +0.6% | +6.2% |
Lyons | 5036 euros | -1% | -8.4% |
Bordeaux | 4830 euros | -0.7% | -7.3% |
reindeer | 4214 euros | -0.1% | -2.4% |
Nantes | 4029 euros | -0.8% | -3.3% |
Strasbourg | 3978 euros | +0.4% | -0.5% |
Marseilles | 3858 euros | +0.7% | +2.5% |
Toulouse | 3768 euros | +0.8% | +2% |
Montpellier | 3675 euros | -0.4% | -1.3% |
It is in the cities where prices have previously increased the most that sellers must make the greatest efforts if they want to adapt to the decline in household purchasing power following the rise in rates, explains Brice Cardi, president of the network to the Address, to things.
According to the Notaires-INSEE index, prices of old real estate fell by 0.2% in the first quarterthe first decline recorded from one quarter to the next since June 2015. In a context of inflation, the real estate market is suffering from the rapid rise in interest rates.
These cities where real estate prices are finally falling and those where prices are still rising
An upward trend which heavily penalizes households wishing to acquire a property and causes a sharp drop in the number of transactions.
According to the latest report from the Notaries of France, the number of transactions in the old, cumulated over 12 months, amounted to 1.03 million operations at the end of May 2023, (compared to 1.11 million for the whole of 2022).