Real estate: the end of the golden goose for the French with the current crisis?

Property owners are starting to worry because of the real estate market crisis.

While household wealth has increased by 13% over the past 15 years, the recent decline in real estate prices raises concerns about the end of an era. However, real estate experts urge owners to remain calm.

446,000 euros is the average French household today, according to the Bank of France.

This number has increased by almost 13% over 15 years, indicating that the rise in real estate prices has significantly contributed to the wealth of French property owners.

From 2013 to 2022, property prices increased by 30%, significantly boosting household wealth. The current shift in the market understandably worries homeowners. "In the last two years, the value of French properties has decreased by insignificant amounts, considering that currently less than 5% of them are selling their properties.

In some cities, the decline in property prices for the French is quite significant. In Nantes, prices fell by 8% last year, almost nullifying the growth recorded over the previous five years. A similar situation is observed in Bordeaux, where prices dropped by 11% after a 12% increase during the same period. This downturn is expected to continue this year as well.