Real estate prices continue to fall in major cities except Paris

Real estate prices continue to decline in the 10 largest French metropolises, a sign that the stock of goods is not sold. Paris is an exception.

The time for real estate prices to rise has not yet come. Sales prices continue to fall in October, according to our Bien'Ici barometer – BFM Business (based on ad prices before negotiations).

In the 10 largest French metropolises (excluding Paris), real estate prices continue their decline that began in the summer of 2023. The decline is particularly marked in Grenoble, where prices have lost almost 7% over one year. They also fell by 6.1% in Montpellier, by 5.8% in Nantes, by 6.6% in Rennes, by 4.2% in Toulouse, by 5.4% in Strasbourg and by 5.9% in Lyon. . The drop is a little less marked in Angers (-2.8%), Marseille (-3.1%), Bordeaux (-2.7%) and Lille (-0.5%) compared to last year.

“There is competition”

Likewise, over a month, prices contract in most large cities. According to Régis Sebille, data analyst at Bien'ici, this downward trend can be explained by a fairly high supply.

“There is a choice among the goods for sale, so there is competition and that affects the price,” he explains.

With the drop in interest rates, many buyers have certainly become solvent again, but this does not make 100% of projects financeable. Then, purchases are not enough to dry up the stock of goods which has not been able to be sold over the last two years. Thus, according to Régis Sébille, “prices should not rise before the end of the year because the stock of advertisements remains high”.

Prices on the rise in Paris

The capital is nevertheless an exception among large cities, with an increase in Parisian prices of 0.2% compared to the previous month and 0.8% over one year. In detail, the districts where sales prices are rising are also the most affluent with +5% compared to the previous month in the 7th, +4% in the 8th and +4.2% in the 8th.

Conversely, prices are falling in the more popular neighborhoods with -1% in the 18th, -5% in the 19th and -3% in the 20th.

Finally, among the other cities studied, the trends differ depending on the local contexts but the situation has been fairly stable for a year.

The start of a drop in rents?

On the rental side, prices are falling this month in certain large cities, but over a year they continue to soar. Rents thus fell by 4.8% in Bordeaux in October compared to last month, by almost 3% in Marseille, Grenoble, Lille and even by 9% in Paris.

But over one year, in the 30 cities studied, rents increase everywhere with the exception of Boulogne-sur-Mer, Dunkirk, Paris and Saint-Etienne. They thus take 13% in Angers compared to October 2023, 12% in Rennes, and 6% in Lille, Lyon, Montpellier and Toulouse.

>> Here are the details of real estate prices (rental and purchase) city by city:

· Real estate prices in Paris

· Real estate prices in Marseille

· Real estate prices in Lyon

· Real estate prices in Toulouse

· Real estate prices in Nice

· Real estate prices in Nantes

· Real estate prices in Montpellier

· Real estate prices in Strasbourg

· Real estate prices in Bordeaux

· Real estate prices in Lille

· Real estate prices in Rennes

· Real estate prices in Saint-Etienne

· Real estate prices in Le Havre

· Real estate prices in Toulon

· Real estate prices in Grenoble

· Real estate prices in Dijon

· Real estate prices in Angers

· Real estate prices in Nîmes

· Real estate prices in Villeurbanne

· Real estate prices in Mulhouse

· Real estate prices in Rouen

· Real estate prices in Caen

· Real estate prices in Aix-en-Provence

· Real estate prices in Reims

· Real estate prices in Boulogne-sur-Mer

· Property prices in Calais

· Real estate prices in Colmar

· Real estate prices in Dunkirk

· Real estate prices in Gap

*As part of this monthly Bienici – BFM Business barometer of real estate prices, the Bienici portal compiles the figures (purchase prices and rents listed on advertisements published before negotiations) from the 1st to the 25th of each month and published at the beginning of the following month. The prices used are averages for each criterion. 29 cities are analyzed: Paris, Marseille, Lyon, Toulouse, Nice, Nantes, Montpellier, Strasbourg, Bordeaux, Lille, Rennes, Saint-Etienne, Le Havre, Toulon, Grenoble, Dijon, Angers, Nîmes, Villeurbanne, Mulhouse, Rouen, Caen, Aix-en-Provence, Reims, Boulogne-sur-Mer, Calais, Colmar, Dunkirk and Gap.