Will property prices fall in 2024? Will they be more prevalent in certain regions than others or, on the contrary, will they increase the absence of stabilization? The outlook for professionals in the sector is, for the most part, good news, with a fall of more than 3% likely.
Will the real estate market improve in 2024? If we rely on the estimates of about 3,750 professionals, who mostly expect a drop in prices for this year, the answer would be positive. Indeed, according to a survey, La Boit Immo is conducted exclusively for profit capital city. “This specialist in software for small businesses has felt the pulse of local brands, covering the entire region. And the results speak for themselves. 70% of agencies responding to this survey expect prices to drop by more than 3% in their region. Note capital cityWhich makes it clear that the investigation was conducted between Tuesday 16 January and Wednesday 17 January.
So, during these two days of last week, these agents in their region, for 2024, ie. “Significant decrease of more than -5%”Or “decline between -3% and -5%”, Or rather stabilization of prices with fluctuations in between “-3% and +3%”Or a “Increase +3%”.
In Ure, property prices are expected to decline by more than 5% in 2024.
In detail, in Ure, more than half of the agents questioned the assumption of price reductions that go beyond 5%. Almost half of those surveyed also expect similar downward rates in Val-de-Marne and Gironde, for the most optimistic.
In contrast, in the south, particularly in the Côte d’Azur, the results highlight a more cautious perspective of real estate agents on price developments. Thus, in the Alpes-Maritimes, where no less than 133 responses were recorded, more than half of the agencies involved in the survey (59%) project a price evolution that will oscillate between -3% and +3%. This perspective is also supported by 43.5% of agents in Calvados, 42.5% of agencies in Charente-Maritime and 48% in Corrèze.
Commenting on the perspectives that seem to differ from one sector to another, Olivier Buget, CEO of La Boite Immo, explains that in real estate, “ We usually say that there is not one real estate market in France, but a multitude ” In fact, the overall downward trend in prices expected by most real estate agents surveyed is based on the fact that credit rates are still high. As a result, potential professional sellers logically have no choice but to try to lower prices in hopes of realizing their expected sales. will not be.
