Things finally seem to be getting better on the
real estate. After experiencing difficult times, specialists see the end of the tunnel. Good news for sellers, but also for buyers. And in certain departments from Île-de-Franceprices have fallen again recently, leaving the possibility of making
good deals.
The economic situation is more favorable to a recovery. Indeed, “real estate, weighed down by the rising cost of cost of credit for two years, regained a little color.”as pointed out Le Figaro in an article published this Thursday, November 28. It must be said that for two years, agents and sellers have been my pigs with buyers who were becoming rare, dampened by unfavorable credit conditions and high rates.
The departments of Île-de-France are experiencing a slowdown in the fall in prices
The start of the year was catastrophic, but the figures show that the trend is reversing. In Ile-de-France, “sales volumes have decreased by 22% in the 1st quarter of 2024 compared to the same period in 2023, then 17% in the 2nd quarter and finally 10% in the 3rd quarter, giving hope that we will soon approach the lowest.”notes the My sweet immo site.
Faced with this imbalance between supply and demand, prices had naturally fallen. In the Paris region, it is in all the departments of Île-de-France that prices have fallen for old houses. And the least we can say is that this evolution is rather homogeneous with a decrease between 5 and 6%.
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Shutterstock The price of old houses fell by a little more than 5% in the 3rd quarter
The phenomenon of falling prices is marked in all the departments of Île-de-France
The phenomenon is most marked in the
Val-d'Oise with -5.8% according to data published by the notaries of Greater Paris this Thursday, November 28. Then comes the Seine-et-Marne (- 5,5%), the
Val-de-Marne and Essonne (-5.3%). The decline is slightly less marked in Seine-Saint-Denis (-5.2%), Hauts-de-Seine (-5.1%) and Yvelines (-5.1%).
“We observe a damn slowdown of the house market, in the greater and lesser suburbs, it's over the rural exodus.“, explains Yann Pézeron, notary in Montfort-l'Amaury in Yvelines who spoke in the magazine Capital. It should also be noted that this drop in prices is in the process of
to attenuate since notaries predict a decrease of 3.4% by January 1, 2025.
Some departments are doing better
In the case of sales old apartmentson the other hand, there are more disparities in the departments of Île-de-France. And it is in the inner suburbs that the sellers are least smiling. In fact, prices fell by another 5.6% in the 3rd quarter in Seine-Saint-Denis and Hauts-de-Seine. Val-de-Marne is barely better off with -5.3%. The market is doing a little better in the outer suburbs with -4.3% in Yvelines, -4% in Essonne, -3.7% in Val-d'Oise and -3.6% in Seine-et -Marl.
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Shutterstock “The desire to buy is there” according to this notary
Nevertheless, this context makes the affaires buyers who would do well not to hang around too long. In fact, the fall was on average 7.4% in the 2nd quarter. Notaries anticipate -2.1% for the price of old apartments on January 1. The improvement is not yet tomorrow, but the sky is finally clearing. Moreover, Élodie Frémont, notary in Paris, summarized the current situation. “The desire to buy is therebut relations between buyers and sellers are tense, negotiations are long.”
