1. “Will the market for large real estate properties (around €700,000) restart? »
Transaction volumes have fallen almost everywhere by around 20 to 25% in one year, Clothilde. Correlatively, we noted a drop in prices which began with differences depending on the region. It seems that in certain sectors, we have reached the low volume plateau which seems to be starting a recovery. Large properties are often acquired by people who could wait to see changes in particular in credit rates. The latter have fallen and should therefore favor the recovery of the market.
2. “Hello, I am considering buying soon near Lorient, either in Larmor-Plage or in Ploemeur. You say that real estate prices will fall. Does this concern municipalities? Should I wait a bit? »
Good question, Florence. The prices of old apartments in the commune of Larmor-Plage continued to increase over the period from April 1, 2023 to March 31, 2024 (with a median price of + 14.5% of €5,090/m2), in Ploemeur, On the other hand, the prices of these apartments began to fall slightly last year: – 1.1% over the same period, with a median price of €4,310/m2. For houses, in the commune of Larmor-Plage, the median price continued to increase between April 1 and March 31, 2024, with an increase of 3.1% with prices ranging from €3,760.00/m2 up to €5,000/m2 for smaller areas. In the commune of Ploemeur, the increase was more moderate, 1.2% with prices varying for the most part between €3,200/m2 to €3,700/m2.
We see that the decline began at the end of 2023 and has increased since the start of 2024. In terms of perspective, we should not see a very high drop in prices in these municipalities. Since interest rates have also fallen, you can invest now.
3. “What percentage of the sale price can we hope to negotiate downward at this time, particularly if we do not have any suspensive loan conditions? »
Hello Marion, and thank you for your question. Prices in Nantes have fallen, the figures for the period April 1, 2023/March 31, 2024 show a drop of almost 8% for old apartments, and 9% for houses, new apartments see a drop of 3.9%. . In the absence of any suspensive loan conditions, you can hope to be able to negotiate the price a little, but loan refusals have not been as numerous as before in recent months. If the property has been on sale for a long time without a price change, you can make an offer at 10% below the price. If the property is just for sale and its price takes into account the drop that was observed last year, the negotiation will certainly be lower. Another point, these figures are an average for the city of Nantes, and the variation in price also depends on the district in which you wish to own a property.
4. “When to sell an apartment in downtown Nantes? »
The real estate market in Nantes has fallen! We note a drop in the prices of old apartments of 7.8% over one year, the price of houses also fell in Nantes over the past year by 9%. The fall in prices became more pronounced towards the end of 2023. Sales volumes fell between 25% and 30% between old houses and apartments, and it seems that we have reached the low plateau of volumes in Nantes, witnessing a slight resumption of the signing of compromises since March 2024.
5. “I am looking to make a rental investment in Brittany, ideally in a small investment property. But I can’t find anything capable of generating a minimum of profitability given the prices of goods that are still high, often with costly renovation work to be carried out and the credit rates which weigh down this profitability. Do you have a sector to recommend to me for my research? »
You can look in smaller towns, where prices are lower, and where you can find houses that do not necessarily require major energy renovation work.
