Values remain on the upside, according to the barometer. However, the number of compromises signed remains quite significantly lower than in October 2021.
Prices remain on the rise, according to the latest LPI Seloger barometer. According to the latter, the rate of increase in the prices of existing homes is slowing down, following the summer months during which the rise was particularly strong. In October, signed prices for apartments and houses rose slightly once more, by around 0.2%, over the last 3 months, to €3,489 per m². And on a rolling annual basis, the acceleration is still in order, to stand at 4.6%. The level of signed prices is therefore now 6.4% higher than in October 2021 (8.5% higher for houses and 4.9% higher for apartments).
The barometer notes that “the transformation of the market continues”.
“Part of the demand penalized by the requirements of a higher down payment is moving towards areas where prices are more accessible, reinforcing the pre-existing upward trends there; while the competition between the buyers with the best personal contribution is accentuated in the most coveted areas, in the context of a scarcity of supply. »
LPI Seloger
Sustained rise in prices in most cities
The weakening of the rise in prices of old apartments is only observed in 6 cities, namely Bordeaux, Grenoble, Montpellier, Nantes, Paris and Reims. In these, where the increase over one year is no more than 1% to 2%, demand faced with high price levels no longer succeeds in mobilizing the personal contributions required to access credit. And very often, it also turns away from markets that have lost a large part of their past attractiveness.
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