According to little-known statistics from Insee, real estate prices could fall by 37 .

The decline in real estate prices is just beginning and houses and apartments could lose more than a third of their value in the future. This is according to data from the French National Institute of Statistics and Economic Research (Insee).

The prices of real estate continue to fall across the country: houses, apartments, studios - all types of housing are subject to a decline in value. The reasons for this are inflation, which has led to a loss of purchasing power for the population, and rising interest rates on mortgages.

According to the Bank of France, the average mortgage interest rate for buyers has risen from 2% at the end of 2022 to 4.05% in September 2023. As a result, "the number of properties sold between October 2022 and 2023year decreased by 15.7%," specified Loic Kanten, president of the Federation of National Property Agencies (FNAIM).

The real estate expert's forecasts are also disappointing: "between January and December 2023, real estate sales will fall by 21%, from 1,070,850 in 2022 to 885,000 this year," he stressed.

The market logic is inexorable: if the number of sales declines, so do real estate prices. Owners unable to sell their properties and realize their plans will be forced to lower prices to get closer to the possibilities of buyers. This trend is already being observed. At the moment, price reductions range from 1% to 8%, depending on cities and regions, but they could be much more significant in the future.

And again, the reason for this is knownto almost everyone.