How have real estate prices evolved since January 2024? With our Bien’Ici – BFM Business barometer, we take stock of price increases and decreases since the beginning of the year, for sale and rental, in major French cities.
For some, they should continue to fall. Others hope to see them rise again. Real estate prices have generally fallen in most major French cities in 2024, according to our Bien’Ici barometer – BFM Business (made from the prices of the advertisements before negotiations).
Since interest rates rose two years ago, the real estate market has contracted and buyers’ purchasing power has plummeted. Gradually, sellers have adapted and prices have fallen.
Since January 2024, the selling price per square meter has fallen by 2% in Marseille, 2.8% in Nantes, 3% in Lyon and Montpellier, 4% in Strasbourg and 4.3% in Rennes. They are falling a little less quickly in Bordeaux (-0.6%) and Toulouse (-1.3%).
But in some cities, prices have increased since January. Sales prices rose by 2.3% in Nice, 2.5% in Lille and 1.9% in Paris. After a sharp drop in the capital, the upward trend seems to be settling in 2024. In August, over one month, prices rose by 1.6% in Paris.
For the market to recover, the president of the Orpi real estate agencies, Guillaume Marinaud, believes that sellers must continue to lower their prices a little. But what is the current situation?
At the start of the school year, it is difficult to identify a clear trend. On September 1, over one month, a slight upward movement in prices began in certain cities with +0.8% in Angers, +0.5% in Bordeaux, +0.9% in Lille, +1.9% in Nice, +0.6% in Strasbourg.
But in other municipalities, the decline continues with -1.7% in Grenoble, -0.6% in Lyon, -0.9% in Marseille, -1% in Nantes, -1.4% in Reims, -2.1% in Saint-Etienne and -0.5% in Toulon.
On the rental side, things are clearer: prices continue to rise. Since the beginning of 2024, they have increased by 23.5% in Angers, 10.6% in Marseille, 6.3% in Grenoble, 5.3% in Nantes, 8% in Nice, 6.3% in Reims, 9% in Saint-Etienne, 5.3% in Strasbourg, 11.8% in Toulouse and 4.8% in Bordeaux.
They remain stable in Lyon and Montpellier while Rennes is an exception among the large cities with a drop in rents of 4.6%.
>> Here is the breakdown of real estate prices (rental and purchase) city by city:
· Real estate prices in Paris
· Real estate prices in Marseille
· Real estate prices in Lyon
· Real estate prices in Toulouse
· Real estate prices in Nice
· Real estate prices in Nantes
· Real estate prices in Montpellier
· Real estate prices in Strasbourg
· Real estate prices in Bordeaux
· Real estate prices in Lille
· Real estate prices in Rennes
· Real estate prices in Saint-Etienne
· Real estate prices in Le Havre
· Real estate prices in Toulon
· Real estate prices in Grenoble
· Real estate prices in Dijon
· Real estate prices in Angers
· Real estate prices in Nîmes
· Real estate prices in Villeurbanne
· Real estate prices in Mulhouse
· Real estate prices in Rouen
· Real estate prices in Caen
· Real estate prices in Aix-en-Provence
· Real estate prices in Reims
· Real estate prices in Boulogne-sur-Mer
· Property prices in Calais
· Real estate prices in Colmar
· Real estate prices in Dunkirk
· Real estate prices in Gap
*As part of this monthly Bienici – BFM Business barometer of real estate prices, the Bienici portal compiles the figures (purchase prices and rents listed on the advertisements published before negotiations) from the 1st to the 25th of each month and published at the beginning of the following month. The prices used are averages on each criterion. 29 cities are analyzed: Paris, Marseille, Lyon, Toulouse, Nice, Nantes, Montpellier, Strasbourg, Bordeaux, Lille, Rennes, Saint-Etienne, Le Havre, Toulon, Grenoble, Dijon, Angers, Nîmes, Villeurbanne, Mulhouse, Rouen, Caen, Aix-en-Provence, Reims, Boulogne-sur-Mer, Calais, Colmar, Dunkirk and Gap.
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