Real estate: good news for sellers, the price drop is already over!

Reading time:

1 min

After several months of decline, prices of old real estate are stabilizing nationally and could even begin an upward cycle as early as 2025.

Sellers can breathe a sigh of relief. After falling for several months, prices of old real estate finally seem to be stabilizing. According to SeLoger and Meilleurs Agents, who presented their market analysis to the press on Tuesday, September 3, real estate prices are down slightly by -1.3% on September 1 over the last 12 months, nationally. For comparison, the drop over one year reached -3% last April.This trend towards stabilisation is confirmed in most large French cities, but also in rural areas.“, specifies Thomas Lefebvre, vice-president of Se Loger and Meilleurs Agents. A sign that the downward cycle seems to be well and truly over, prices have even increased by around +0.5% nationally since January 2024.

In detail, real estate prices as of September 1st have fallen by -1.9% over the last twelve months in the ten largest French cities and by -3% in the fifty most populated municipalities in the country. In rural areas, the upward cycle has already begun with a price increase of +1.2% over one year. Only Paris is an exception and sees its prices continue to plummet with a drop of -4.8% over one year. The capital suffered its biggest price drop since the beginning of the century with a decline of -14.2% over the entire downward period that began in July 2020.

>> Our service – Estimate the price of a property (immediate, free and without obligation)

Prices are expected to rise again in 2025

It should be noted that this stabilization of real estate prices that began several months ago should continue throughout the year. According to the predictions of Se Loger and Meilleurs Agents, prices should indeed stagnate at +0% over the last twelve months at the end of 2024. It remains to be seen what the trend will be next year. The scientific teams of Se Loger and Meilleurs Agents then anticipate the start of a new upward cycle with an increase in prices that could reach +2% over the year 2025.The increase in demand expected in spring 2025 will shift the market into a new dynamic“, continues Thomas Lefebvre. In addition, the drop in mortgage rates, which could fall below 3% as early as spring 2025, compared to 3.60% on average currently for 20-year loans, should also help bring buyers back to the market.