The market value of real estate in the Eastern Pyrenees has risen explosively over the year.

On Thursday, November 30, 2023, the Chamber of Notaries of the Pyrénées-Orientales presented its latest study of the Catalan real estate market. Prices have risen over the year. Read more.

The number of real estate properties in the Pyrenees-Orientals decreased in 2023, while prices increased. The real estate market in France and the Pyrenees-Orientals is in a slowdown.

After two exceptional years (2021 and 2022), the number of sales of apartments and houses is declining in the Catalan region. According to the latest real estate market survey, presented on Thursday, November 30, 2023, the Chamber of Notaries estimates this setback at 11%. Pyrenees-Orientals: strong decline in real estate sales "Today, like the whole of France, in the Pyrenees-Orientals region the market''real estate has slowed down, although this decline is less evident than in large cities', explains Mr. Jean-Luc Brier, president of the Chamber of Notaries of the Pyrenees-Orientals. We learn in more detail that since the fall of 2022, sales of old apartments have decreased by 6.5%. This is more evident for new apartments (-16%), old houses (-9.9%) and land (-32%). Total transaction declined 11%, compared to 16.6% nationally. "The decrease follows relatively", assures the president of the notaries If this decline cannot be ignored in the Pyrenees-Orientals, Mr. Jean-Luc Brier does not want to give in to panic. "This decline follows relative to a decade", he assures, recognizing that "the second half of 2023 makes us fear an acceleration of this decline". After two years of growth, sales''Real estate is shrinking in the Pyrenees-Orientals.

Prices increase significantly in several cities

Inflation has indeed not escaped the Catalan real estate market. While it stands at the national level (-0.1%), the median price of older homes, the most''sold in the Pyrenees-Orientales now stands at 208,000 euros (+4.2%). And this is particularly strong in the following cities:

• Tuire: the median sale price is 214,500 euros / the year-on-year change in price is +19.2%
• Ile-sur-Tet: 139,500 euros / +16.3%
• Rivsalt: 192,000 euros / +14.3%
• Barcares: 152,900 euros / +14.1%
• Le Boulud: 230,000 euros / +13.6%
• Elny: 205,000 euros / +13.3%
• Solera: €218,500 / +12.0%

On the contrary, some cities in the Pyrenees-Orientales have experienced a decline in prices. This is the case of:

• Video: now on ActuBages: 196,200 euros / -8.2%
• Prad: 160,000 euros / -3.0%
• Cabestan: 244,000 euros / -1.6%

Catalan real estate is inevitably subject to inflation In the Pyrenees-Orientales, price increases are also seen on other''property types. The median price per square meter of an old apartment is now €2,310/m², which means an increase of 4.1% compared to 2022. A new apartment costs €3,790/m² (+1.5%).

Rooms in the Pyrenees-Orientals: prices have risen rapidly in 10 years In the Pyrenees-Orientals, rooms account for about a third of apartment sales (including old and new housing markets). "This debt has been maintained at the level of last year and has remained relatively stable over time," the Chamber of Notaries said in a report. In its study of the Catalan real estate market, the Chamber notes that the median price per square meter of a studio in old housing has increased from 2,410 euros to 2,930 euros in 10 years. This corresponds to an increase of 21.6% (compared to 14.3% for all housing). The strongest''rising prices have land plots. Today, the median sale price is 90,800 euros. The amount has increased by 9.4% compared to 2022. Follow all the news of your favorite cities and media by subscribing to Mon Actu.