2023-09-01 15:03:06
According to a survey conducted by our French colleagues from the newspaper The echoes, the French real estate market is in crisis and is experiencing a significant drop in prices per square meter. This observation is particularly observed in the most expensive regions and concerns both old buildings and more recent constructions.
This drop in prices started in the French capital before spreading to the rest of the country. Starting with Lyon, whose prices fell by 8.1% over one year, reaching an average price of 5,026 euros per square meter. On the Bordeaux side, there is a drop of 8.6%, including 1% in a single month. The cities of Nantes (-5.2)%, Rennes (-3.9%) and Montpellier (-3.1%) are also experiencing a drop in property prices. A decline “which is more akin to a return to normal, with more moderate prices in relation to the income and real estate purchasing power of the inhabitants. “, relates The echoes.
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