Real estate: in the Paris suburbs, prices are falling and activity is slowly picking up

Even more than Paris, the slowdown in transactions was especially marked in Ile-de-France. According to the Notaries of Greater Paris, 27,950 old homes were sold from June to August 2024, down 16% from June-August 2023: “And compared to the same period two years previously, volumes are down 40%. comments the institution. Activity therefore remains historically low. » Particularly for houses, “whose prices skyrocketed after the health crisis, when Parisians abandoned the capital to go green and telework”underlines Charles Marinakis, president of Century 21.

Many of them were also looking to increase their living space by taking advantage of lower prices. The sudden rise in rates and restrictions in the distribution of credit stopped their ambitions. Consequently, sellers have gradually revised their claims. Still according to the Notaries of Greater Paris, in one year, from August 2023 to August 2024, the prices of apartments fell by 6% and those of houses by 6.4%.

“The fall in prices should slow down but continue at least until the end of the year,” predicts Olivier Princivalle, president of Fnaim du Grand Paris. Since September, activity has picked up slightly as evidenced by the professionals interviewed. Returning buyers have the choice and do not hesitate to negotiate, particularly to take into account possible work.

“They are very attentive to the renovation to be planned or to the age of the boilers in the case of collective heating”notes Franck Sasso, of the Orpi Mairie agency in Champigny-sur-Marne (Val-de-Marne). Especially since budgets remain constrained: in Rambouillet, even for a millstone with a view of the castle, “above 450,000 euros, we don’t rush”, observes Sébastien Pavé, of the Era agency.