© Alexander Spatari / Getty Images
The real estate crisis never ends, particularly in Île-de-France. According to the latest statistics published by the Notaries of Greater Paris on Thursday June 27, prices fell by 8% for apartments and 8.4% for houses between the period February – April 2023 and the period February – April 2024.In Île-de-France over 3 months, from January to April 2024, housing prices fell by 2.4%», specify the notaries of Greater Paris. This drop in price is mainly explained by the rapid rise in mortgage rates in 2023, which has significantly reduced the purchasing power of buyers. These financing problems also result in a drop in the number of transactions signed in Île-de-France: -23% compared to the previous year.
A plummet in house prices in the Greater Outer Suburb
To take their analysis a little further, the notaries of Greater Paris studied department by department the evolution of average house prices over the past year. Discover, through the map below, the average prices of houses sold between February and April 2024 in the region, as well as the evolution of these prices over the past year.
The rest under this advertisement
The rest under this advertisement
We realize, thanks to the observations of notaries, that house prices have fallen more on average in the outer suburbs than in the inner suburbs. The record for the fastest fall goes to the Yvelines department (-9.1% over one year), followed by Val-d’Oise (-8.9%) and Essonne (-8.7%). .
A collapse in apartment prices in the inner suburbs
At the same time, the notaries also studied the evolution of average apartment prices in the region. And have grouped their statistics, which you can discover using the map below.
Thanks to the observation of notaries in Greater Paris, we understand that the fall in apartment prices is faster in the inner suburbs than in the outer suburbs. The record price drop is thus recorded in the department of Hauts-de-Seine (-9.%), followed by the departments of Seine-Saint-Denis (-8.3%) and Val-de-Marne ( -8.1%).
