The price of old real estate in Île-de-France falls by 6% in 1 year

The Century 21 network of real estate agencies is returning to the existing property market in Île-de-France during the first nine months of 2024.

Borrowing rates noted on 07/10/2024

The evolution of the old property market in Île-de-France in 2024

Good news for future owners: the price of old real estate is falling in Île-de-France. In fact, on average in Île-de-France in 2024 it takes €3,490/m2 for a house either a drop of 6.2% over one year. The average acquisition amount is €357,778 for an average surface area of ​​105.3 m2.

For an apartment, we are at €4,332 per square meter, i.e. a drop of 4.6% over one year for an average acquisition amount of €235,859 and an average surface area of ​​56.4 m2.

Century 21 also notes that the average duration of credit real estate is 21.8 years for an average purchase area of ​​112.8 m2 for a house and 57.3 m2 for an apartment.

WhatThis is the profile of these buyers ?

The majority of buyers are aged 30 to 40 (24.1%). But young people under 30 are well represented (20.2%). 40-50 year olds will make up 18.9% of buyers in 2024. It should be noted that retirees remain active in property acquisition In fact, they represent 19.8% of transactions in 2024.

As for the socio-professional category of buyers, the study reports that employees and workers are the most represented with almost a third (33.2%) real estate purchases. They are followed by middle managers (26.1%) and senior managers and liberal professions (16.6%).

Concerning their financing choices, the majority of buyers are moving towards a primary residence (66%) but also making rental investments (25.6%). “This demonstrates the preference of the French for real estate investment rather than in other supports such as the Livret A, at a time when a drop in its remuneration is predicted” confides Charles Marikanis, president of Century 21, to Capital.