The property market in France is showing signs of slowing down.

Real estate prices in the old stock in the departments of Haute-Savoie and Annecy have been declining for several months. This is evidenced by the figures and analysis from Savoie Mont Blanc, presented by FNAIM.

In Haute-Savoie, real estate prices decreased by 0.4% in the second quarter. The decline has been ongoing for the last three months and has affected both neighboring departments. In Annecy, the decrease was 2.2%, while in Haute-Savoie it was 0.4%. As of July 1, the cost per square meter is 2,542 euros in Annecy and 4,679 euros in Haute-Savoie.

Prices for apartments and houses are usually higher in border municipalities and large cities.