According to Century 21, prices are falling and the market is self-regulating

The network of franchised agencies took stock of the real estate market at the end of the first nine months of the year.

According to the Century 21 franchised agency network, “the price reduction has indeed taken place”. For him, the market has been self-regulating since January and is “landing softly”, in an economic context which has evolved favorably since the start of the year. On the financing side, real estate loan rates decline regularly to return in September to 3.5% over 20 years, and up to 3.2% for the best files, after having reached peaks at 4.35% at the end of last year.

This makes it possible “to restore purchasing power to buyers, especially since inflation fell from 6.14% in February 2023 to 1.2% in September 2024,” notes the network. Over the first 9 months of the year, sales volumes fell by only 1.6% for houses and 3.1% for apartments, despite a drop in prices of respectively 5% (2,477 € per m²) and 2.2% (€4,094 per m²), Century 21 note.

The network highlights that since July 2022, prices have fallen in France by 12.6% for apartments and 12% for houses. “This decline was necessary to purge the excesses of the past and compensate for the combined increases in prices, interest rates and the cost of living,” notes Century 21.

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