The sky is clearing for first-time property buyers. According to a study conducted by the broker Meilleurstaux and revealed this Thursday by The Parisianreal estate purchasing power increased on average by 6 m² in one year in the 20 largest cities in France. If all these cities are in the green on this criterion, one of them stands out: Grenoble.
Indeed, between December 2023 and December 2024, the capital of the Alps gained 10 m². Clearly, for the same monthly payment of 1000 euros over twenty years, you can acquire a property of 65 m² compared to 55 m² a year previously.
A huge gain in space which is due to two factors according to Maël Bernier, spokesperson for Meilleurstaux, cited by The Parisian
: “Home loan rates have fallen and prices are stable or down slightly. » While specifying that the cities which were doing well “are those which combine the drop in prices and the drop in rates”. However, Grenoble is second in this ranking, behind Le Mans which gained 11 m² of real estate purchasing power.
The fall in interest rates and sales prices, two key factors
The main lever of this dynamic is real estate credit. After the surge in rates which had gone from less than 1% to almost 4.5% on average for loans of 20 years or more, the time has now come for relaxation, with rates which have fallen by 1 point for a year. “On loans of twenty years or more, we are today on average around 3.30%, according to Maël Bernier who assures that disparities exist “from one bank to another with some which are at 3.20 % and others which are still at 3.60”. The expert predicts a rapprochement in rates to 3% by “the end of the first quarter” of 2025.Earlier in December, the same broker had placed Grenoble in the top 10 French cities to settle in (7e
). It is therefore a more than favorable national and local context to revive the real estate market which has been at half mast for three years.
The study takes as a framework a monthly payment of 1,000 euros per month over twenty years, Editor's note.
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