Negotiations on real estate prices in France: what is the average price in your region?

The current realities in the real estate market offer buyers new opportunities for maneuvering. Over the past year, the possibilities for negotiation have increased by about 50%, and now the average buyer in France can save around6%from the price of a house or apartment. This is the highest level of flexibility since 2010. Data regarding prices at the end of 2022 shows that, at the national level, this indicator has increased by approximately50%.

Nevertheless, it is important to understand that the ability to negotiate is determined by the difference between the listed price of the property at the time of signing the sales mandate agreement between the seller and the real estate agent, and the final amount for which the transaction is actually completed. Analytical data shows that home prices are more flexible: here the difference is6.4%...while for apartments this figure is lower — only...5.6%In rural areas such as Picardy, Normandy, and Nord-Pas-de-Calais, the potential for price reductions is even more noticeable, reaching almost9%for houses in Picardy,7.42%in Lower Normandy and7.18%in Nord-Pas-de-Calais.

Nevertheless, these figures do not always indicate a real increase in purchasing power, as experts warn.

The increase in housing prices observed in recent years, especially in 2020 and 2021, is also affecting the purchasing power of citizens. Analyzing the situation, experts note that this trend may lead to a lower willingness to invest in real estate, particularly among those who are less attentive to natural risks, which raises concerns.

According to forecasts, property prices in France may drop in 2023.5-10%This opens up additional opportunities for buyers who are willing to enter the market during this period; however, they should pay close attention to issues related to financing their purchases. If you plan to invest in property in France, it is worth thoroughly studying the current conditions and preparing for possible changes in the economic situation.