after years of euphoria, major cities hit hard by falling prices

by time news

2023-09-05 19:51:12

Pair Jorge Carasso

Posted yesterday at 7:51 PM, Updated yesterday at 7:51 PM

“I no longer have space in my window to display the apartments for sale,” explains Valérie Boucharlat, director of the Laforêt Croix-Rousse agency in Lyon. beatrice preve/beatrice preve – stock.adobe.com

DECRYPTION – On average, real estate prices fell by 0.4% over one year everywhere in France. The overall decline in housing values ​​is likely to continue.

A radical change, after seven years of increase: housing prices are now falling almost everywhere in France. On average, they fell by 0.4% over one year at the beginning of September throughout the territory, according to the real estate data site Meilleurs Agents. A first since the previous market trough of the 2011-2015 period. “This decrease concerns half of the municipalities of France”notes Thomas Lefebvre, scientific director of Meilleurs Agents.

Large cities, where the price per m2 is high, are the most brutally affected by this reversal: the decline is 8.6% in Bordeaux (on September 1, 2023 compared to September 1, 2022), 8.1% in Lyon , 5.2% in Nantes. Marked declines, which clearly reflect the changes at work. As a symbol, Paris, which was the only city not to take advantage of the Covid boom with prices falling since 2020, has seen its price per m2 fall below the 10,000 euro mark. It is now at 9,944 euros, which represents a…

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