Real estate purchasing power: the French have lost nearly 20 m² since 1999

If real estate purchasing power has fallen in twenty years, the situation remains more favorable today than at the end of the 2000s. A trend that is confirmed in most of the cities studied. Thus, in Saint-Etienne, a borrower lost 11 m² this year compared to 2021, but gained 23 compared to 2012. Same observation in Le Havre or Marseille, where the borrower loses 5 m² over one year, but gain respectively 5 and 1 over ten years.

For 2023, professionals anticipate a more homogeneous market, particularly geographically and a slowdown in prices, following two exceptional years marked by the Covid-19 crisis. Still, certain factors, such as the increase in the borrowing rate, or the decline in overall purchasing power, may still alter these forecasts. “In the medium term, we remain cautious in our forecasts, the macro-economic situation and the geopolitical context remaining uncertain. In a context of energy sobriety, the quality of the goods sold might have a growing impact on prices” notify the notaries.

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