Notaries of France: the main real estate figures in 2024

The Notaries of France have unveiled the real estate assessment for the year 2024, as well as the first trends for the start of the year 2025.

Trading volume. The number of transactions (780,000) of old housing carried out over the last 12 months in France at the end of September is down (-17%). This annual volume is similar to that observed at the end of 2015.

Price evolution. Over one year, the change in prices of old housing reached – 3.9% on 3^e quarter 2024 (-5.3% in Île-de-France and -3.6% in the Province). The annual decline is more pronounced in Île-de-France, but stable compared to a year ago. In the Province, the decline increased (it was only 1.1% on 3^e quarter 2023).

According to projections on the 4^e quarter of 2024, the annual fall in prices should ease to reach -1.6%. Prices would remain relatively stable across the Province and the annual drop in prices in Île-de-France would reach around 3%.

At the end of January 2025, the declines over one year should continue to diminish (- 1.2% for mainland France, – 0.4% for the Province and – 2.5% for Île-de-France).

Real estate purchasing power (as of September 2024). The financeable surface area of ​​an old apartment in mainland France is 55 m² (+ 1 m² over one year). For old houses, this figure reaches 92 m² (+ 3 m² over one year).

Acceleration of the fall in building land transactions. Like the new and existing housing markets, the number of building land transactions cumulatively over 12 months in France is also decreasing. Building land transactions have almost halved in just over a year, from around 75,000 transactions in 2^e quarter 2023 at 43,000 in 3^e quarter 2024. The annual decline accelerates until 1^is quarter of 2024, going from –26% to the 2nd^e quarter 2023, at – 39% on 1^is quarter 2024, then maintains a similar pace until the 3^e quarter 2024.

Green value of housing. Over the whole of 2023, the share of sales of the most energy-intensive old housing (classes F and G) remains at one of the highest levels of the decade (17% in mainland France, excluding Corsica). On the 3^e quarter 2024, this share tends to decrease (- 2 points compared to the 3^e quarter 2023).

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