Good news for buyers. The drop in property prices, long awaited by households, confirmed in major French cities. According to the latest SeLoger / Meilleurs Agents barometer, the prices of apartments and houses have in fact fallen by 0.9% on average since the start of the year in the 50 most populous municipalities in the country. A more marked decrease than at the National level since, since January 1, prices have eroded by 0.5% on average in France. In detail, prices are down 0.3% for houses and 0.8% for apartments. Capital invites you to discover the list of prices of apartments and houses updated in May 2024 in 50 cities, as well as their evolution over three months.
The downward movement is particularly spectacular in Paris, where apartment prices have fallen by 1.5% over the last three months, reaching 9,259 euros per square meter in May 2024. And buyers can rejoice since prices are expected continue to decline between now and summer in Ile-de-France, according to the notaries of Greater Paris. Prices are also down sharply in Lyon (-2.6%), Nancy (-1.7%) and Strasbourg (-2.7%). These price drops in large French cities are mainly explained by sluggish demand, following the surge in property loan rates for almost two years. The number of sales of old housing has in fact fallen by 23% over one year in 2023 according to the National Real Estate Federation, unheard of for more than fifty years.
