The real estate crisis: prices in France are sharply declining.

Published on 06/09/2023 21:19
Updated 06/09/2023 22:40
Video duration: 2 minutes

The real estate market crisis: in France, apartment purchase prices are rapidly falling.

Real estate market crisis: in France, apartment purchase prices are rapidly falling - (France 2) Sternashny report France 2 - K. Ruzheri, O. Marten, L. Lemouanyi, J.-P. Rivalen, S. Alphonse France Television

Prices for real estate purchases are falling across France. The reason is the explosive growth in interest rates on loans, which professionals believe will last for at least a few months. Houses are being sold, and prices are dropping.

In Shell (Seine-et-Marne), Florence Bugot sold her family house, which is 60 square meters with a small garden.

The drop in prices is explained by a surge in interest rates on loans, according to the director of the real estateagency that made the sale. "Over the year, buyers have lost an average of at least 10% of their purchasing power for housing, along with the requirement to have a 10% down payment," explains Paul Gintermeier, director of the Guy Hoquet agency in Schelle.

In France, prices are falling everywhere. No region has been left out. According to professionals, the situation will last for at least a few months.

Federation of National Real Estate

Guy Hoquet agency in Schelles

Real estateagency Alexandre in Arcueil

Incomplete list of agencies and advertisements