2024-03-01 21:53:59
Throughout France, real estate prices continue to fall, according to the latest barometer from the Meilleurs Agents platform. This is particularly true in Bordeaux, Strasbourg and Toulouse. But in certain metropolises, prices are stabilizing, such as in Rennes, Nantes , or even Lyon.
Real estate prices continue to decline in much of the country. The latest barometer from the Meilleurs Agents platform notes that the average price per square meter in France is €3,101/m2, a decrease of 0.1% as of March 1 compared to the previous month. This decline is particularly strong at Pariswith a drop of 0.7% in prices over one month (-6.6% in one year).
Prices are also falling in rural areas
In general, prices in the country’s 10 largest cities continued to fall by 0.1% during the month of February, “but at a less and less sustained pace”, according to the barometer, which highlights two trends in France. On the one hand, the decline in prices is clear, as Bordeaux (-0,9%), Strasbourg (-0,8%), Toulouse (-0,8%), Marseille (-0.5%) In other cities, prices seem to be stabilizing, with changes at Rennes by +0.1%, by +0.2% to Nantes et Lyon or +0.3% to Lille and to Montpellier.
Rural areas are also affected in February by this trend of falling prices. Over six months, the drop is 1.7%, “a first since 2015”, notes the barometer. After the Covid crisis, the real estate market in the countryside benefited from an improvement which now seems to be over, “in a banking context which remains tense”underlines the rating of Meilleurs Agents.
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In this context, the average time to sell a property has increased in the eleven largest cities in France, going from 59 to 77 days. “None of these metropolises anymore have an average sales time of less than two months”, underlines the barometer, which explains it by sellers who do not accept current market conditions. This leads them to take longer than usual to reach an agreement with buyers.
A.Lo.
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