St. Malo real estate: the end of euphoria in the market.

The real estate market has experienced a rebound in prices, especially after the Covid-19 pandemic crisis. This is the end of a euphoric market, according to Alan Beateau, director of Guy Hoquet. Alan Biteau runs Guy Hoquet agencies in Dol-de-Bretagne and Châteauneuf.

The real estate market in the Saint-Malo region is experiencing the end of a "euphoric" period, according to Alan Biteau. Although prices are not yet falling, more transactions are being seen. Owners are still insisting on high prices, despite national advertising of lower prices.

The time to sell a property has increased from one week to a month and a half, and this will continue to increase until prices start to fall. Alan Beato predicts prices will start to fall''early next year, but only by a small 10%. He also notes that some property types, such as stone or farmhouses, are in need of renovation, discouraging buyers due to high material prices.

In terms of rentals, the situation is getting more difficult by the day, with rents having risen by 15-20%. Alan Bito also notes that his agencies in Saint-Malo stand out from other agencies in France, which have seen an average price reduction of 20%.