The real estate market in 2023: 5 important numbers to know.

Notaries in France announced their long-awaited verdict on Monday, December 11. And, unsurprisingly, the "shock" in the real estate market continues to intensify. The year 2023 will be remembered by professionals as the year of the sharp stop. Lower transactions, falling prices, lengthening sale timelines....

With the reduction in credit availability, buying became difficult, especially for first-time buyers. As for sellers, it took them a while to realize the decline in prices. Despite this gloomy picture, however, notaries believe in a (slow) revival in 2024, especially against the backdrop of spring, which usually favors transactions. "The clouds have become less threatening: lending rates have stopped rising and are even falling, inflation is fading and prices are falling," says Edouard Grimon.

A survey conducted by Harris interactive for CSN seems to back up what he says: 47% of French people have plans to move, including 62% of renters.