In presenting the results of the year 2024 of the real estate market, Monday December 16, the Superior Council of Notaries did not hide the fact that it did not yet see the end of the tunnel. The trend remains downward, whether in transactions or prices. The cumulative number over twelve months of sales of old housing recorded at the end of September thus fell by 17% year-on-year, to reach 780,000, far from the 935,000 transactions at the end of September 2023. Current market activity refers to that observed at the end of 2015 (790,000 transactions).
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“However, the fundamentals are now better: prices have fallen and are stabilizing. Interest rates are also falling and will make the buyer solvent”underlines Frédéric Violeau, notary responsible for national real estate statistics. In December, the European Central Bank lowered its reference rate for the fourth time since June, bringing it to 3%. So much so that the average rate of real estate loans, which stood at nearly 3.4% in November, compared to 4.2% in December 2023, according to the Crédit Logement-CSA Observatory, is expected to decrease further. The fact remains that political uncertainties weigh and create “an anxiety-provoking climate”estimates the notary: “We have certainly reached a low point, but recovery requires political and social stability. »
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