A year ago, the average price of a new apartment in municipalities with more than 45,000 inhabitants was 5,248 euros per m. It has now reached 5,592 euros/m, a leap of more than 6%. But besides the selling price, what worries professionals is the difficulty of borrowing, despite the increase in the wear rate.
Where is real estate, while credit rates continue to rise? In new buildings, the outlook is uncertain since prices remain very high, in particular Paris and in municipalities with more than 45,000 inhabitantsand entry into the market reduced by a drop in construction agreements.
Unsurprisingly, the rise in new property prices has continued, as we announced last November, analyzes Franck Vignaud, director of the Laboratoire de l’Immobilier, which publishes its annual property price barometer. new real estate in more than 100 towns in metropolitan France. The new element, undoubtedly one of the most worrying at present, is the difficulty of access to credit that households encounter. Some promoters face withdrawal rates of 40 to 50%, due to a lack of financing solution for their customershe continues.
A year ago, the average price of a new apartment in municipalities with more than 45,000 inhabitants was 5,248 euros per m. It has now reached 5,592 euros/m, a leap of more than 6%. But the average price of the municipalities in the Top 15 now stands at 5859 euros/m. The top three are therefore Paris (14,000 euros/m, an increase of +6.8%), Lyon (7,124/m) and Nice (6,591/m). Five of the largest cities in France are seeing the price of new homes increase by 7% or more. These are Strasbourg, Toulouse, Nantes, Toulon and Lille.
Prices rise behind the Paris ring road
The evolution of the average price of the municipalities of the Top 15 remains strong, a sign of the still active presence of developers in these territories and of the pressure exerted on land prices. It also confirms the attraction of households for large cities, even after the confinement episodes, adds Kevin Brulin, from the Real Estate Laboratory.
As for Paris, it is the first crown that is on fire: Levallois, Montrouge or Boulogne. The increase in the price of new builds is maintained across the whole of Ile-de-France. There are only 6 municipalities left, all located in Seine-Saint-Denis, where the average selling price remains below 5000 euros/m. These towns, hitherto considered more accessible, are also experiencing a price catch-up effect. This tension on prices is also illustrated at the top of the ranking, since now 5 municipalities, outside Paris, are approaching or exceeding the threshold of 11,000 euros/m, underlines the barometer.
Cities accessible by TGV from Paris benefit from this
In the rest of the ranking, Annecy is once again the most expensive city with an average price of 7473 euros/m. Then comes a trio of municipalities located in the south-eastern quarter of France: Antibes (7167euros/m), Aix-en-Provence (6220euros/m) and Cagnes-sur-Mer (6080euros/m).
Cathedral towns such as Angers, Amiens, Tours and Rouen are also among the territories where the rise in prices has been the strongest. These towns take full advantage of accessibility by TGV from Paris and are attractive to Ile-de-France households looking for more space and a better quality of life, while maintaining proximity to the capital and its employment pool, point out the authors.