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Audrey Gruaz
Published on
Jan 6, 2025 at 6:20 a.m.
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Are we seeing a stabilization of property prices in Seine-et-Marne? This is what the latest figures published by the Notaries of Greater Paris suggest. Good news after almost two years of falling prices which has been associated with a decline in real estate transaction volumes due to the banks’ reluctance to take out loans.
In Ile-de-France, at the end of 2024, the real estate market reached a “historically low level of activity”. The Notaries of Greater Paris note that “wait and see still dominates the market”.
However, certain signs seem to indicate that this fall, even if it is still present, is slowing down. And it slows down even more in the greater suburbs. Good news for Seine-et-Marnais.
Prices are stabilizing in Seine-et-Marne
Over the last twelve months, the prices of old properties, apartments and houses, have decreased on average by 4.6% in Ile-de-France. In Seine-et-Marne, this drop is estimated at 3,3 % on average, sometimes with large disparities depending on the sector. Not all the territories of this large department are attractive in the same way. Fontainebleau, for example, remains very attractive and maintains its prices, while Meaux is experiencing a drop in prices for old properties.
But again, as with sales volumes, prices seem to be stabilizing. The Notaries of Greater Paris indicate that in Ile-de-France, “prices have generally changed little in recent months, helping to moderate the annual drop in prices”.
The departments of the outer suburbs are doing better than the capital or the inner suburbs, since the prices of old houses have stabilized at the end of 2024.
In Seine-et-Marne, the average price per square meter of an old apartment is currently 2 820 €. Notaries estimate that the drop, even if it will be slight, will continue to reach 2 790 €/m2 during the first quarter of 2025. Seine-et-Marne will remain the Ile-de-France department with the cheapest price per square meter for an old apartment in all of Ile-de-France.
Regarding old houses, the average price of a transaction, at the end of 2024, stood at 258 200 €. As for apartments, prices will continue to fall, but very slightly to settle at 256 400 € on average at the end of the first quarter of 2025. Prices would then return to their level of the second half of 2020, before they experienced a post-Covid surge.
Capital gains are still possible
This variation in prices has led real estate professionals to question the plus-values achievable. Is this still possible today? And their answer is yes… if the owners are not obliged to resell their property within two years. The holding periods for resold goods are on average 10 years for an apartment and 12 years for a house. “The situation in the event of resale therefore remains generally more favorable, in the longer term,” assure the Notaries of Greater Paris.
In Seine-et-Marne, an apartment, the average surface area of which is 58 m2, will provide a capital gain of €8,120 after 10 years. For a house, it can reach €23,500 in 10 years on average.
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