In the current real estate environment, Nissa la Bella (Nice) is an exception: it is one of the two major cities, along with Marseille, where housing prices continued to increase in October, according to MeilleursAgents data, by 6.3% compared to +2.3% for the city Marseilles. But prices are falling in other capitals, notably in Bordeaux (-8.3%) and Lyon (-8.4%).
In the capital of Gaul, “prices are also being negotiated in the mentioned districts, where some apartments that did not meet the extraordinary criteria have increased too much”, notes Maître Pierre Bazaille, responsible for statistics in the Rhône-Alpes region. An observation shared by Brice Cardi, president of the L’Adresse network of agencies: “Prices are falling all the more quickly as they jumped sharply and quickly after the health crisis everywhere in France. After the shopping spree, the market has its excesses.”
Read also Find real estate prices in Paris and the regions
The consciousness of the reversal is sometimes brutal, as in Nantes,
In the current real estate environment, Nissa la Bella (Nice) is an exception: it is one of the two major cities, along with Marseille, where housing prices continued to increase in October, according to MeilleursAgents data, by 6.3% compared to +2.3% for the city Marseilles. But prices are falling in other capitals, notably in Bordeaux (-8.3%) and Lyon (-8.4%).
In the capital of Gaul, “prices are also being negotiated in the mentioned districts, where some apartments that did not meet the extraordinary criteria have increased too much”, notes Maître Pierre Bazaille, responsible for statistics in the Rhône-Alpes region. An observation shared by Brice Cardi, president of the L’Adresse network of agencies: “Prices are falling all the more quickly as they jumped sharply and quickly after the health crisis everywhere in France. After the shopping spree, the market has its excesses.”
Read alsoFind real estate prices in Paris and the regions
The awareness of turnover is sometimes brutal, as in Nantes, where sales fell by almost 30%. “Parisian buyers, who were very numerous after the health crisis, are no longer there. Local buyers are very affected by the rise in interest rates and those who still have the capacity to buy are waiting for prices to drop,” notes Jean-Charles Dezellus, deputy director of Mercure Forbes Global Properties.
The coastal market has slowed down
According to the Orpi network, the drop in sales reached 29% in Toulouse and even 35% in Montpellier. “Even on the coasts, the Atlantic coast or the Mediterranean coast, where we have seen a real post-Covid surge, we are seeing a big slowdown in sales,” confides Julien Haussy, president of the Espaces Atypicals network.
Good News? Since the beginning of the school year, sellers are less anchored in their resolutions and are beginning to listen to professionals who urge them to be moderate. And even more so for goods intended for renovation, especially heat filters. Sellers will no doubt have to make more of an effort to bring back first-time buyers, largely driven out by rising interest rates. Even in more affordable cities like Clermont-Ferrand, Dijon or Poitiers.
Meanwhile, the transaction time is getting longer. “Owners who are in a hurry become more flexible, especially when a property that sold in three months changes hands in six or eight months,” says Julien Sauzeau, manager of the Orpi agency in Poitiers. “From one week last year, sales times have extended to three or four months,” suggests Jean-Baptiste Taravant, manager of Chanturgue Immobilier in Clermont-Ferrand.
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File created in collaboration with Meilleurs Agents for used property prices.