'Real estate price map 2023: Change in the cost per square meter in France.'

The Real Estate Price Map. There are a number of websites and resources available to understand home prices in a particular neighborhood and how they are trending. The most interesting data is obtained from the same database provided by notaries and cadastral registries of real estate transactions.

You need information on real estate prices in France? In this article Dimo Diagnostic explains everything 😉 Get a free estimate of your property value in just a few minutes!

How to get accurate prices and statistics per square meter?

Access to databases Among the resources there is free access to the DVF database of French real estate prices with no restrictions. There is also the Patrim database, accessible from your''personal cabinet on the website of the tax service. Thanks to these two services, you will get valuable information about real estate in the city as well as the region in recent years. Including the actual sales price, number of rooms and square footage.

Check with your notary For this, you can use the website of the notary's real estate price map. There you will find specific information about the average house prices in the neighborhood. This information on prices in each neighborhood is supplemented with trends and other local metrics for those who want to understand real estate prices and get real data on recent real estate transactions.

It is important to know how to properly use this data to properly estimate the value of a house, apartment or land''plot.

Evaluation of real estate value

There are many ways to value real estate. They are more or less reliable and accurate depending on the choice and experience of the person who created them. You can find online tools to get a first idea of the theoretical value of your home. You can also consult a professional: an independent real estate agent, a notary, or a real estate appraisal expert.

Example: an accurate real estate appraisal is an important step before the sale. Margot must consider several methods and factors to determine the correct price for her property. An independent real estate agent or real estate appraisal expert can help get an accurate valuation''value. They consider a variety of factors such as location, size, age, property condition, and improvements and unique features. However, it is important to remember that the services of a professional can have a cost.

There are many websites on the market that offer online appraisal tools. These tools rely on market data and algorithms to estimate real estate values. However, they should be considered as a first approximation and supplemented with more in-depth analysis. It is important to compare properties to similar properties that have recently sold in the same neighborhood or geographic area. This method, called the "comparison method," provides insight into prices in the local market.

Conditions''real estate markets can significantly affect the value of real estate. There may be higher prices during periods of rising prices and lower prices during periods of falling prices. Any repairs or improvements (renovating the kitchen, installing a new bathroom, etc.) can increase property values. On the contrary, serious defects (structural problems, outdated heating system, etc.) can decrease the value. These diagnostics inform future buyers about certain aspects of the property (energy efficiency, presence of asbestos, lead, etc.) and can also affect its value.

How to use it correctly.

An unbiased interpretation of home value data is important whether you want to set a sale price or''verify the amount requested before you buy, you need to have some understanding of the market prices of homes.

Now, every property is unique and there are many factors that affect the price of a home. The most important of these is location.

There's one more''A way of valuing a property and looking at its rent. This gives you a sale price/rent ratio, which is a good indication of its value. This gives you the option of buying or renting an apartment or house depending on the length of your stay.

Calculating property value per square meter:

The French real estate market is characterized by a variety of local markets, and the price per square meter can vary considerably when analyzed on a national level. For example, while in La Souteraine in the Creuse department (23) the average price per square meter is around €774, in Ny-sur-Seine in the Hauts-de-Seine department (92) it is valued at an average of €9,747 per square''meter.

Information on real estate prices per square meter provided by Netvendeur allows you to assess the dynamics of the national real estate market. In particular, the availability of up-to-date data for each city, neighborhood or region of France. The price per square meter is the result of the ratio of the "offer for sale" to the "offer to buy". Any factors affecting supply and demand conditions (selling or buying) necessarily have a direct impact on real estate price estimates. The higher the demand for real estate, the higher the price per square meter. Conversely, the less demand for apartments, houses or land, the lower the valuation will be. Thus, in order to sell and optimize the price per square meter, it is necessary to take into account all factors that can''affect local demand for short to medium term:

• Economic environment
• Urban projects nearby
• Road or railroad infrastructure

The Real Estate Price Map is a national view of stressed and less desirable neighborhoods in the real estate sales and rental market.

The first thing to do is check your lending capacity with your banker. It is also important to have a number of service providers who can assist you in your purchase. For those planning to sell a property in 2023, it is important to update valuations regularly. Regardless of your situation, your best tool will always be a local real estate agent who knows their' well'compared to the same period in 2022.

The reason for these dramatic changes in the market can be attributed to the significant and drastic increase in interest rates caused by the European Central Bank's (ECB) initiative in its inflation-fighting strategy, which began with the development of the war in Ukraine. According to the credit watchdog's own data, average mortgage interest rates rose from 1.06% in December 2021 to 3.28% in May. This change had a significant impact and led to a sharp decline in the ability of families to take out a mortgage loan.

Substantial inflation. This rise in interest rates, combined with marked inflation, has put enormous pressure on people's purchasing power in''real estate. Century 21 emphasizes that, compared to the situation in July 2022, the ability of families to pay has decreased by 18.4%. Credit broker Meilleurtaux estimates that between January and June, the French, on average, lost the equivalent of 5 square meters in the 20 largest cities in France. This clearly indicates a significant narrowing of the population's real estate buying potential.

What you need to know about the real estate price map in 2023:The most expensive metropolitan areas are Paris and Lyon. When selling real estate, a property appraisal is recommended. Prices have been rising in recent years.

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