Real estate: Paris continues its decline, Nice is on the rise… Price trends in the 10 largest cities

Across France, real estate prices continue to fall, according to the latest barometer from the Mailleurs agents platform.

This is especially true in Bordeaux, Strasbourg or Toulouse.

But in some metropolises, prices are stabilizing, such as in Rennes, Nantes or even Lyon.

Real estate prices are continuously decreasing in most parts of the country. The latest barometer from the Meilleurs agents platform notes that the average price per square meter in France was €3,101/m2, a decrease of 0.1% on March 1 compared to the previous month. This decline is particularly strong ParisWith prices falling by 0.7% in a month (-6.6% in a year).

Prices are also falling in rural areas

In general, prices in the country’s 10 largest cities fell by 0.1% during the month of February, “But at a less and less sustainable pace”, according to the barometer, which highlights two trends in France. On the one hand, the reduction in prices is obvious, viz Bordeaux (-0.9%), Strasbourg (-0.8%), Toulouse (-0.8%), Marseille (-0.5%) in other cities, with price changes, stability is observed Rance From +0.1%, from +0.2% Nantes And Lyon or from +0.3% green and for Montpellier.

This trend of falling prices in February has affected the rural areas as well. In six months, the decline is 1.7%, “First since 2015”, notes the barometer. After the Covid crisis, the real estate market in rural areas benefited from a recovery which now seems to be over, “Banking context that remains tense”Meilleurs underlines the agents’ ratings.

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In this context, the average time to sell a property in France’s eleven largest cities increased from 59 to 77 days. “Average sales time in none of these metros is now less than two months”, underlines the barometer, which is explained by those sellers who do not accept the current market conditions. This makes them take longer than usual to reach agreements with buyers.