Written by The Meilleurtaux editorial team .Updated on
November 22, 2024 .
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2 min
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Sunday November 24, 2024 5:46 p.m.by the Meilleurtaux Editorial Team
Long affected by a marked increase in interest rates, the real estate sales sector in France reacts differently to the slow decline in the cost of borrowing. Some cities are seeing transaction prices soar, while other cities are seeing a dizzying drop.
Prices rising in almost half of the 50 largest cities
ImportantIn a joint study conducted by SeLoger.com and the Meilleurs Agents network, 22 cities out of the 50 largest in France experienced an increase in property prices in 2024.
The prize for the strongest increase goes to Bourges, where the price has jumped 6.5% since the start of this year. The clientele, mainly families, are looking for a living environment that is both pleasant and affordable, far from large cities. The square meter currently costs 1,900 euros.
On the Côte d'Azur side, Marseille and Cannes saw their real estate properties record an increase of 4.3% and 4.1% respectively. The price in Nice also jumped, with 3.9% recorded. The east of France is also experiencing an upward trend, with Colmar where properties are revaluing by 4.10%. The increase in Nancy is barely less, with +4%.
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Heavy falls in certain towns
More than half of the towns included in the study saw their prices fall, but this decline is not uniform. Le Mans, although already offering an attractive price per square meter, has seen a continuous fall in prices since the start of the year. The Sarthoise prefecture thus recorded a drop of 11.50%, to reach a current rate of 1,754 euros. Lyon also suffered a drop in the transaction price, but to a lesser extent compared to the city of Le Mans. In fact, real estate there has fallen by 6.80% since the start of 2024.
In Saint-Étienne, where the price per square meter is the lowest among the top 50 French cities, the curve has declined slightly with -0.50% since January. As a whole, the French market put an end to the downward trend thanks to the combined effect of the drop in borrowing rates and the decline in inflation. However, the recovery will not be the same everywhere.
- Bourges has recorded the strongest increase in its property prices since January 2024.
- Le Mans has seen the biggest drop since the start of this year.
- The overall trend is marked by the end of the decline.
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The Meilleurtaux editorial team
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