Find out why prices of existing housing remain stable in the 3rd quarter: an anomaly in the real estate market or a new trend?
Tl;dr
- Stabilization of old property prices in France in the third quarter.
- Price decline continues for the fifth consecutive quarter.
- Decrease in the number of real estate transactions since September 2021.
Stabilization of old property prices
According to the Notaires-Insee index, prices of old real estate in France stabilized in the third quarter. After a year and a half of decline, this stabilization, although tiny (-0.1%), marks a notable development in the market.
A continued fall in prices
Despite this stabilization, the old real estate market experienced its fifth consecutive quarter of falling prices. The data, adjusted for seasonal variations, show similar declines for houses and apartments, respectively -3.9% and -3.8% year-on-year.
In Ile-de-France, the situation is similar, with prices stabilizing after seven consecutive quarters of decline.
Real estate transactions down
Alongside this stabilization of old property prices, there has been a constant decline in the number of property transactions.
At the end of September 2024, the number of transactions carried out over the last 12 months stood at 780,000, down compared to June 2024 (792,000) and March 2024 (825,000). This is the lowest level since 2015.
Editorial opinion
Beyond the figures, this stabilization of old property prices reflects a changing market.
The future will tell whether this trend will continue or whether we are on the verge of a turnaround. In all cases, this data highlights the importance of constant monitoring for investors and individuals wishing to buy or sell.
France
