In Marseille, real estate prices in 2024 are up year-on-year

In Marseille, there is no jealousy: the drop in prices is observed in almost all neighborhoods. Particularly for individual houses (-4.3%), according to the Provence Real Estate Observatory (OIP). In the southern districts (7th, 8th, 9th and 10th arrondissements), wealthy and airy, the crisis is harsh – and it lasts. In the first half of 2024, in the very chic 7th arrondissement, that of the Corniche and the beaches, the median price of apartments fell by 2.5%, to 4,590 euros per m², and that of houses by… 10.8%, at 740,500 euros. Same song in the 8th: if prices hold up for apartments (-0.4%), the decline in houses is very clear (-14.3%). In the 9th and 10th centuries, the trend is similar. The most sought-after city center districts (5th and 6th), better served than the southern districts, and gentrified, such as Réformés or Camas, are the only ones where the trend is still slightly upward.

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The 3 information to remember about real estate prices in Marseille

3,4 % : Evolution of the sale price of apartments over one year.

3 633 €/m2: average selling price of an apartment.

16,2 €/m2: average rent for an apartment.

“Sales resume when the price is below 300,000 eurosreassures François-Xavier Guis, president of Fnaim Aix-Marseille-Provence. With the drop in rates, first-time buyers are getting started. The others, not yet. » He is more doubtful about the price reductions announced by the OIP: “Be careful: it is true that in negotiations, we can manage to obtain -3 or -4%. But no more. » Christine Pradier, consultant at Mon Chasseur Immo, makes the same observation: “Since the start of the year, I have been negotiating a lot, but sellers are still having trouble letting go. Everyone remains very cautious. So the deadlines are getting longer. »

On the new side, no hope. With 121 sales recorded at the end of June, diving borders on underwater exploration: – 84% compared to the first half of 2023! Marketing times have increased from 9.5 months to 23 months in one year, according to the Federation of Real Estate Developers. A sign of disaffection, reservations fell by 30% in one year, to only 480 in the first half.

As for the high end, it is doing wonderfully: “Our buyers have not leftassures Romain Linossier, deputy director of Barnes Provence Littoral. Especially since Marseille remains the cheapest metropolis in France: prices peak at 7,000 or 8,000 euros per m² on the Corniche, while there is nothing below 12,000 euros per m² in Saint-Tropez! » In June, the Marseille Sotheby’s International Realty agency sold, for 2.3 million euros, a 7-hectare property on the Estaque hills, with 12 rooms and a 180-degree sea view.

The port and military city has been so extensively renovated and revitalized over the past twenty years that it is now regularly cited in the ranking of cities where life is good. Prices here are starting to rise again (+1.5% over three months), after a very slight drop (-1.6% over one year) according to Fnaim. The student district, between the center and the port, allows universities, engineering schools, art and design schools and law schools to fill up. A new complex of 200 housing units is under construction. On the seaside, and in particular in the popular Mourillon district, prices remain stable – and high. “You have to count on 3,500 euros per m² minimum, indicates France Mariotti, negotiator for the iBox agency. Please note: with a sea view, some accommodation can reach 7,000 euros per m², and for exceptional properties, 8,000 euros per m². » If Mourillon is very urban, the Cap Brun district, hyper-residential, close to wild coves, is greener. There, prices reach 4,000 euros per m² – except for villas which overlook Toulon harbour. The crisis? “We have goods coming in and out every day, few negotiations and no price drops,” expose France Mariotti.

© Copyright: Prices and Real Estate Price Index (IPI) Best Agents at 1^is November 2024