In Pantin, the drop in real estate prices is accompanied by the start of a recovery in 2024

Thursday 07th November 2024 02:30 PM

In Pantin, apartment prices are stable over one year as of November 1, 2024 (-0.8%), at €5,965/m2. On the other hand, those of houses plunged, to -9.4%, to reach €5,978/m2. The drop in credit rates is contributing to the revival of the real estate market in the city, even if the latter remains timid for the moment and has yet to be confirmed. Pantin’s proximity to Paris and its affordable prices appeal to first-time buyers. On the other hand, rent controls have scared away several investors.

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The 3 information to remember about real estate prices in Pantin in 2024

-0,8 % : Evolution of the sale price of apartments over one year.

5 965 €/m2: average selling price of an apartment.

23,4 €/m2: average rent for an apartment.

With the still timid decline in credit rates, the market is recovering. “And the sellers have come to terms with the fact that prices have fallen, note Federico Aguirre, from l’agence Century 21. They therefore no longer hesitate to sell their property for less. » With its Magasins Généraux exhibition space, its historic cinema – Ciné 104 – and its proximity to La Villette, in Paris, the city offers a cultural range that is attractive.

Among the top favorite neighborhoods are Eglise de Pantin, Hoche and the canal area, redeveloped in recent years. At the Hoche metro station, a 5-room apartment of 88 m² with a terrace was sold for 725,000 euros. The junction between Aubervilliers, Bobigny and Pantin, a more popular area, according to the agent, allows you to become an owner on a smaller budget. “Prices vary from 3,700 to 4,000 euros per m², depending on the services,” he assures. A first-time buyer bought a 32 m² two-room apartment with work for 110,000 euros. As a result of rent controls and regulations on DPE, investors are a little less present here than before.

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