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Almost everywhere in France, sellers no longer find solvent candidates as easily as in the past to purchase their homes. The proof in figures, in the 50 largest cities in France.
Time is getting longer and longer for property owners who wish to sell their property. In most large cities, sellers need more time than in the past to find a creditworthy buyer. This is what reveals the latest SeLoger-Meilleurs Agents barometer published this Thursday, May 2. The authors of the barometer, specialists in the study of the real estate market, observed the average sales times for owners in around fifty large cities at the beginning of May. To analyze these market trends, SeLoger and Meilleurs Agents compile the information communicated to them by nearly 30,000 real estate agencies present on their respective platforms.
And the results are clear and clear. Over the past year, sales times have exploded in most of the large cities studied. “Between May 2023 and May 2024, sales transaction times increased by 17 days on average in the largest French metropolises.», Describe the authors of the study. In Bordeaux, for example, average delays have increased by 20 days, but also by 18 days in Marseille or even 11 days in Lille or Strasbourg. In contrast, sales have on the contrary accelerated in a few rare municipalities, such as Rouen (-25 days on average) or Roubaix (-19 days).
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Credit rates that slow down purchasing plans
To explain this lengthening of sales periods, the authors of the study recall the great difficulties buyers experience in obtaining their credit. Indeed, due to the sharp rise in rates last year, the purchasing power of borrowers has been largely reduced. “As of March 1, credit production stood at 9 billion euros per month, or 37% less than a year earlier.», Describes the study. Who says fewer credits issued, says fewer candidates capable of aligning with the price requirements of sellers… Sellers who therefore now take much longer to find a buyer, and must resolve to sign their transaction at lower prices much lower than expected.
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