Real estate: falling prices and sales in France, including Brittany.

The number of transactions on the real estate market is decreasing against the background of difficulties in obtaining credit and generally lower real estate prices. This is confirmed by the agencies representing the agency network in their reports for the third quarter. According to Century 21, which has already noted the decline in prices in the second quarter, the decline intensified between July and September, amounting to 4.1% year-on-year for apartments and 2% for houses. The same is noted in Laforêt, where prices per square meter fell by 3.1%, as well as in Orpi, where prices have fallen by 2% since the beginning of the year. The only exception is the national real estate federation (Fnaim), which still notes a 1.1% rise in prices in its latest report prepared for September 1.

The reason for this is the rising cost of' 'credit, which excludes many initial buyers who must borrow money to purchase their primary residence. The market is supported by 'secondary buyers' who buy by selling their previous property and have a substantial down payment.

Bordeaux, Rennes and Lyon are following the same downward trend in prices, experts say.

At the same time, several cities, especially on the Mediterranean coast, continued to see prices rise, most notably Marseille and Nice.