'The real estate market is slowing down in France.'

'fifty years. Although the level of this phenomenon varies from region to region, it is common to the whole of France, where the number of transactions per year is falling in almost all departments. "After a dynamic development supported by attractive interest rates, the real estate market is experiencing a real turnaround. We noted a slowdown at the end of 2022, which is unfortunately confirmed in 2023", analyzes Loic Cantine, President of Fnaim. "The impact of inflation in recent months and the increasing difficulty in accessing mortgage loans are clearly affecting the number of transactions, which have fallen sharply", he details. © DR, Number of existing home transactions (accumulated over 12 months, in thousands).

Prices have stopped rising.

While before prices were showing''good sustainability on a national level, they are now feeling the full brunt of the slowdown in the real estate market. For the year, they are flat or even slightly up 2.9%. For the final quarter, the decline becomes more significant, with prices down 1%. The biggest price decline is characterized by houses, down 1.7% over the last three months, while apartment prices remain stable (0%). In short, prices are no longer rising. If the decline in prices is characteristic of the whole of France, some territories, such as Paris, are feeling a stronger decline.