2023-11-01 09:39:43
If the fall in real estate prices continues in most large cities in France, it is more marked in certain Parisian districts.
A drop of up to twice as significant in certain districts of Paris. If our latest BFM Business Barometer with the Bien’ici ad site for the month of October shows price drops of around 4% over one year in Angers or Bordeaux and not far from a 5% decline in Paris, Lille and Lyon, in certain districts of the capital, the decline in prices is much more spectacular.
Nearly 11% drop over one year
In detail, certain districts are literally collapsing. The prize goes to the 15th arrondissement, a rather residential district in the south-west of Paris, with a decline of almost 11% over one year, according to the prices displayed for advertisements on the Bien’ici site in October.
Price drops by district in Paris in October 2023 (over one year) © BFM Business
We also exceeded the 9% drop in the 2nd arrondissement, a central tourist district, more focused on commerce, and almost 7% in the 14th, another residential district in the south of the capital.
Other Parisian sectors are correcting less sharply but prices have already fallen significantly. So the 19th arrondissement might drop back below 9,000 euros per square meter at the very least.
Caroline Arnould, general director of CAFPI – 01/11
A decline for more than 2 years
More generally, although it appears moderate at first glance, the decline in prices in the capital of 4.6% over one year in October is, by far, the most impactful for owners because the decline has lasted for more than two years now. .
Why prices are falling sharply in Paris © BFM Business
And the prices mentioned in our barometer are of course the prices displayed on the advertisements. In other words, once negotiated, they can be even lower at the time of signing. Furthermore, no one at this stage can predict where the Parisian decline will stop.
Marie Coeurderoy with Pauline Ducamp
1698837154
#Parisian #districts #prices #falling #sharply
