Residential real estate prices in your area: find out the sale price of houses and apartments.

After several years of rising prices, the real estate market seems to be bucking the trend. But what are real estate prices in your neighborhood? Find out what price homes and condos in your neighborhood have sold for in the last 5 years.

Since the beginning of 2023, real estate prices have fallen in France. But how have things been over the last 5 years? Thanks to the map created by data.gouv.fr, you can track the change in real estate prices and find real estate prices for the last 5 years. Just enter the address in the top right corner.

This application is offered by data.gouv.fr and allows you to visualize data on real estate valuation requests (DVF) published and prepared by the Directorate General of Public Finance. These data are obtained''from notarial deeds and cadastral information and allows you to find out about properties sold in the last five years in mainland France and overseas regions and territories excluding Alsace, Moselle and Mayotte.

The video below explains how this tool works. With this app, you can track market developments in Auvergne. Christian Dosmas, president of the National Real Estate Federation of Auvergne, explains, "The real estate market in Auvergne corresponds to the national market, perhaps with slightly less fluctuation. There is a big lull in the secondary real estate market. A lot of bad signals are gathering, which are not very favorable. In 2023, we expect a significant decline, about 20% on the national''level and 15% in Auvergne. "

He gives reasons for this slowdown: "We wonder if there is actually a real housing policy. It started a few years ago with higher material prices, inflation, higher interest rates. The cancellation of the Pinel program was a very bad indicator. Tax measures were also unfavorable. Rental bans have also discouraged investors. We find ourselves in a pretty difficult situation.".

He says interest rates at 4.5% are a real black spot: "They have quadrupled in 18 months. Someone who could borrow 200,000 euros in equal monthly installments and terms will now be lent only 140,000 euros. Needs have refined and sellers are not always willing to sell at these prices.''Buyers are no longer being given credit. It's completely paralyzing the market. First-time buyers are completely excluded. Some time ago, half of loan applications were rejected. If debt levels are above 35%, we can no longer borrow money'.

Christian Dosmas identifies the most sought-after properties in Auvergne: "In Auvergne, like everywhere else, we are looking for houses with a plot of land. Buyers are moving away from metropolitan areas. The closer we are to public services, the higher the value of properties and the greater the demand.

The president of the National Real Estate Federation, Auvernier, reports a decline in the number of transactions in our area. "In terms of the number of transactions, there has been a steady increase for 15 years. This cycle has been very favorable, and real estate''felt good about it. COVID changed the type of properties people were looking for: they wanted more space, open areas. Even in 2020, there was no decline in the number of transactions. The point in Auvergne was August 2021, when there was a change in trend: the number of transactions started to decline. In 2021, there were 2% fewer deals in Auvergne. Today, there are 9% fewer deals compared to 2021. The decline is even more significant in more ru.tular regions, such as the department of Allier, -12%. The decline has accelerated since the beginning of 2023. Visu de Dome had 11,349 transactions in 2021. Now there are 10,563.".

Have prices changed too? Christian Dosmas replies: "There is always a gap between the change in the number of transactions and the change in prices. Prices react with a certain inertia. At the moment, prices in the region are falling''relatively few. In the Visu de Dome, prices are down 2-3% from last year. But it is likely that prices could still fall a little more. We have replenished our stock of properties for sale, but we have few buyers: prices are becoming a variable to adjust. Interest rates are rising faster than prices are falling. It may not be the best time to wait to buy. "

He also talks about developments in the new construction market over the past 5 years, "In the 5 years as a whole, everyone who has invested in real estate is not really a loser. In Viseu de Dome, prices have increased by 21% over the sale price. Investing in real estate for the long term remains quite attractive.".

The new-build market has also undergone changes: 'Over these five years, developers''were happy because the market was supportive. The Pinel program was quite lucrative and encouraged investment in the rental sector: it accounted for 60% of transactions. But since then the market has collapsed, and it has happened more sharply than in the secondary real estate market. "

Real estate professionals are very cautious about the future and are waiting to see if current trends are confirmed in 2024.