While the volume of transactions for old housing remains very low and prices continue to fall, almost everywhere in France, French notaries are counting on a stabilization of prices and a slight recovery in sales in the months to come.
According to the real estate situation note from French notaries published at the end of October, the real estate market in the former “finally seems to be beginning the end of the downward cycle after two years of brutal and dizzying decline”. In fact, although the volume of transactions remains very low, the decline has started to slow down slightly.
Sales volume remains very low
At the end of August 2024, the volume of old housing transactions in France (excluding Mayotte) reached 780,000 transactions over one year, which represents an annual drop of 18.1%: the drop has therefore fallen below the 20% mark for the second month in a row. At this rate, “the year should end above 700,000 transactions, which remains a low point not reached since May 2015”. The stabilization of inflation and the decision of the European Central Bank (ECB) to lower its key rates could facilitate access to credit in the months to come, while notaries are still observing…
Belgium
