According to the monthly barometer carried out by Seloger and Meilleursagents, the prices of old real estate are experiencing “a seasonal slowdown which is not abnormal”.
The decline continues. In October, prices of existing real estate fell slightly by 0.1%, according to the monthly barometer carried out by Seloger and Meilleursagents. But according to the authors of the study, this drop is due to “a seasonal slowdown which is not abnormal”.
“This variation is not surprising at this time of year when activity is traditionally calmer than in spring and early summer,” they explain. Seloger notes that the drop is smaller this month than that observed a year ago. In October 2023, prices in France had in fact lost 0.7% (compared to -0.1% in October 2024). According to the authors, this observation “confirms the gradual recovery of the market”.
“This small negative pressure in no way calls into question the exit from the bearish cycle in which the market has been immersed since July 2022.”
And the phenomenon is observed in all segments. So while in Paris prices fell by 1% in October 2023, they only fell by 0.4% in October 2024. The same goes for the cities in the Top 10 and Top 50, whose prices are not moving this year. month (compared to -0.6% and -0.4% respectively in 2023). Same thing in rural communities, with stable prices compared to -0.2% at the same time last year.
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Different dynamics depending on the Parisian districts
For Seloger, prices are entering a stabilization phase in the capital, but the dynamics are different depending on the districts. Thus, prices have clearly returned to the green since the start of the year in the 6th (+2.6%), 7th (+5.7%) and 16th arrondissement (+3%). It is the opposite in the central districts. Over the past ten months, the 2nd continued to lose 5.2% while the 3rd declined by 6%. It is in the 4th arrondissement that prices fell the most with -8.3%.
Another particularity: not all categories of housing are affected in the same way. In detail, small areas fare significantly better than large ones. Studios and two-room apartments have seen their prices start to rise again since the start of the year (+1.1%).
This phenomenon is even tending to accelerate, driven by the drop in credit rates which more specifically improves the solvency of first-time buyers, who primarily target this type of property.
