between historic decline and hope of recovery

To start the year off right, the FNAIM has drawn up a complete assessment of the real estate market for 2024 as well as its forecasts for 2025. For the 3rd consecutive year, the number of sales has seen a decline, but should stabilize, then resume for the New Year.

Borrowing rates noted on 01/17/2025

Review of real estate transactions for 2024

In 2024, according to estimates, the real estate market should save approximately 775,000 transactions of housing old (compared to 872,000 in 2023), a drop of 11% in one year and 36% compared to the peak of sales in 2021, with 1,176,000 sales.

Sources: IGEDD and Insee according to DGFiP and notary database, FNAIM forecasts

The year was markede by ae continuation of the fall in sales in 1st semester until JuneThen by ae stabilisation au 2e semester.

The president of the FNAIM Loïc Cantin said “The year 2024 was a pivotal year for the real estate market, marked by profound adjustments, but also by encouraging signs of stabilization. »

This decline in transactions concerns the entire territory, but according to the president, “the market has reached a plateau”giving hope for a gradual restart in 2025, partly thanks to reductions in rate of credits real estate.

A fairly moderate drop in prices

With the drop in sales also comes, simultaneously, the drop in their prices depending on the territories. Loïc Cantin declared that this decline remains quite moderate. In France, the price per m² on January 1, 2025 was around €2,930, down 0.8% compared to January 1, 2024 (€2,954). In comparison, this price decreased by 4.1% compared to January 2023 (€3,082).

A gradual and encouraging recovery for the year 2025

In its forecasts, FNAIM foresees a slight improvement in the real estate market for the start of the year, with a probable increase in volumes transactions by 6%. It is expected to reach around 825,000 sales pour this new year.

In terms of prices, a stabilization is expected for the 1st half, followed by an increase of 1% in the 2nd. Of course, taking into account the current political context and weak economic growth may influence these forecasts.