Buyers who laugh, sellers who cry? Built at the end of 2023, the drop in real estate prices accelerated everywhere in Brittany. A phenomenon that particularly affects Rennes, the regional capital. According to figures published Thursday, January 23 by Breton notaries, the Prix des Maisons Rennesises (the rarest property on the market and the most sought after) fell 8.5 % over twelve months at the end of October 2024. For apartments, the Decrease is 5 % in the old and all the more in the new (with however few transactions counted for this type of goods). “We return more or less to prices of 2021”, says the notary Rennais François-Éric Paulet.
All districts are affected, sometimes with significant declines. As in Sud-Gare or Francisco Fern-Vern-Poterie, where the prices of old houses fell 19.5 % and 12 % respectively. For old apartments, they unscrewed almost 9 % in Sud-Gare, 8 % in Moulin du Comte and about 7 % in Blosne, Villejean-Beauregard and in the very chic and very sought after Thabor-Saint Hélier zone . “There was obviously a need to adjust prices in this neighborhood,” comments François-Éric Paulet.
Lases also around Rennes
Apart from Rennes, the trends are also lowering: more than -6 % for old houses, -11 % for new and -2.5 % apartments for old apartments in the first crown (Betton, Cesson -Sévigné, Chantepie , Noyal-Châtillon-sur-Seiche, Pacé, Le Rheu, Saint-Grégoire, Saint-Jacques-de-la-Lande and Vézin-le-Coquet). Cesson -Sévigné stands out with -16 % for houses and Pacé with -11 %.
In the second crown (Bruz, Chartres-de-Bretagne, Châteaugiron, Janzé, Mordelles, Noyal-sur-Vilaine, Thorigné-Fouillard, Liffré, Gévezé and Mordelles), the decline is less marked: -6 % on houses and almost -Sitability on old and new apartments. Bruz and Châteaugiron still display -14 % for houses.
-Still high prices
Notaries recognize this: seeing prices decrease is good news to relaunch a seized market (-22 % of transactions at the departmental level over one year to the end of October 2024) by still high interest rates and a property purchasing power under pressure. “This correction was necessary. The sellers had not taken into account the increase in interest rates before, “said Thomas l'Ollivier, notary in Rennes. According to Anne-Sophie Louis, notary in Cesson-Sévigné, “we have now returned to the volumes of 2015”, “but not with the prices of 2015 …”. In Rennes, student and attractive city (employment, quality of life, transport, LGV, etc.), prices are indeed high. They jumped approximately 30 % in five years in the old and 50 % in ten years, making the Breton capital the 6th most expensive city in France in front of Nantes and behind Paris, Nice, Lyon, Bordeaux and Lille .
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