Real estate: in the suburbs of Paris, prices are falling and the market is taking over

In Asnières-sur-Seine in the Hauts-de-Seine, it’s a cold shower for this seller, who wants to remain anonymous. Last spring, he put up for sale a 3-room apartment of almost 60 m² in a recent building with a terrace and parking for 480,000 euros. In June, potential buyers did not receive their loan. The summer passes and the property is put back up for sale at €450,000: he rejects a cash offer of €420,000 and accepts a loan offer of €440,000. But this last buyer, who has to sell his apartment himself, withdraws due to the absence of a visit to his own property…

The real estate market in the department, although a locomotive from Ile-de-France, has also tightened. Like other departments in the region: according to the Notaries of Greater Paris, the volume of transactions fell by 30% at the end of August, both in small and large suburbs. The activity still works a bit, but at several speeds.

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Those who do not need a loan

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