Ile-de-France real estate barometer: Sales are becoming increasingly difficult

With prices exceeding 7,000 euros per square meter, property sales in Paris and Hauts-de-Seine are slowing down. On the other hand, in areas where prices do not exceed 4,000 euros, progress is being made. But much slower than after the pandemic. In some areas, it is difficult to sell real estate because of the stagnation of transactions.

Our file on real estate prices in October. In the national market, the "coronavirus frenzy" is beginning to subside. A quarter of Picpus is again priced below 10,000 euros per square meter. In Saint-Cloud, down 5% over the year. Saint-Ouen is slowing down a bit after setting records. In Champigny, a political upheaval caused prices to explode. After two years of growth, "landing" in place in Sanois. Vézinet, Croissy, Le Chenet.

Money is still an issue for real estate. Over the past two years, this theory may have been less true, making the last two years exceptional in terms of transactions, but it is now relevant again in October. The situation is thus challenging in Paris and Hauts-de-Seine, which offer the highest prices in Île-de-France.

According to Meilleursagents.com (MA), a real estate appraisal website, the decline has persisted for a year. One indicator reflects the situation in Paris: +54%. This is the amount of affordable housing compared to 2018. It is clear that there are a lot of unsold properties in Paris at the moment, and the figures confirm this, as prices have fallen by 0.8% over the year, notes Barbara Castillo-Rico, head of economic research at MA. They have risen by only 2.6% in three years, which is the lowest growth in Île-de-France.