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.

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The president of the FNAIM Savoie Mont Blanc branch, Sébastien Cartier, notes that a decline in prices is observed, although the decrease is not yet significant compared to other regions of France. He suggests that the next six months will confirm or refute this situation, but in any case, he does not expect a price crash. This is due to the high purchasing power of clients from Switzerland and strong interest from investors in real estate in the region. However, rising interest rates and the high cost of energy-intensive properties may affect demand and sales volume.