The price of real estate: how far will it fall?

According to Century 21, real estate prices in France continue to decline. In Bordeaux, Lyon, Paris, the Ile-de-France region and Nantes, housing values fell by 4.1% over the year.

This trend is likely to continue as rising interest rates take their toll on the real estate market. The high cost of mortgages is reducing demand, and buyers who do want to purchase a home are having trouble with their purchasing power. Many of them decide to postpone their purchases in anticipation of better times.

The number of offers on the real estate market is increasing and owners are forced to reduce prices in order to sell their property.

Sale flat in Antibes 719 680,00 $

France,Antibes

2 Bedrooms

96.41 м²

Sale house in Cannes 2 090 697,00 $

France,Cannes

4 Bedrooms

166 м²

Sale flat in Paris 342 050,00 $

France,Paris

1 Bedroom

1 Bathroom

30 м²

Sale flat in Lyon 377 251,00 $

France,Lyon

3 Bedrooms

2 Bathrooms

70 м²

Sale flat in Saint-Aubin-les-Elbeuf with city view 84 318,00 $

France,Saint-Aubin-les-Elbeuf

2 Bedrooms

1 Bathroom

68 м²

Sale house in Marseille 499 456,00 $

France,Marseille

4 Bedrooms

2 Bathrooms

163 м²

This situation cannot be avoided, and according to Charles Marinakis, president of the Century 21 chain, it is only getting worse. In the past, price reductions have been negligible and sellers, rather than lowering their demands, have preferred to wait or accept small discounts. As a result, the number of transactions on the real estate market decreased.