Century 21, which for its part took stock of the first nine months of the year, indicates that “sales volumes fell by only 1.6% for houses and 3.1% for apartments. “. The president of its France division, Charles Marinakis, prides himself on a “good summer” and a “rather positive trend in September”. “The combination of falling prices and falling interest/negotiation rates restores purchasing power to buyers, whose projects are once again studied by the banks,” explains Laforêt in his quarterly post.
Real estate market: what if the time was (finally) for a rebound?
Real estate has not yet emerged from the construction, marketing and credit crisis that the entire sector has been going through for more than a year. However, some positive signs suggest that the worst is perhaps behind us
House prices falling
As for prices, they continue to fall, but less rapidly than last year. Laforêt and Foncia noted a 4.5% drop in the average price per m² in France in September, compared to the previous year. Orpi observed a 5% decline in prices compared to the third quarter of 2023. The National Real Estate Federation (Fnaim) reports that prices “seem to have stabilized since the spring, or even rebounded very slightly”, which which brings the decline on September 1 to 2.2% over one year.
Some cities or regions have experienced slight increases in prices per m², but the data differs greatly from one agency network to another. For Charles Marinakis, the drop in real estate prices, of around 12% in two years according to Century 21, “was necessary to purge the excesses of the past”, and even constituted an “absolute necessity in Paris, where the market was tense” in due to an average price per m² which exceeded 10,000 euros, and which fell to 9,286 euros in 2024.
