The prices of old apartments stagnated last month, according to data published by Seloger this Monday, June 2. An average that masks important local disparities.
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– Two cities seem to be engaged in a lasting decline in real estate prices, according to Seloger.
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Status quo. These two words summarize the average evolution of the prices of old apartments in France in May, according to data published by Seloger this Monday, June 2. Throughout the territory, prices have increased by only 1% from May 1 to June 1, bringing their rise to 0.6% since January, after two years of decrease on the backdrop of real estate crisis. In the 50 largest cities, prices fell only 0.1% in May and they were perfectly stable in the first 10 metropolises. But “This apparent cache price stability increasingly marked differences Between the big cities “observe the real estate advertising portal. The 10 main cities are thus divided into two halves, the prices continuing to go back to Paris (+0.3%), Rennes (+0.6%), Bordeaux (+0.4%) and Marseille (+0.4%), while they drop to Nice, Nantes, Lyon, Lille and Toulouse.
Nice and Nantes, in particular, seem to be engaged in “A lasting decline in their prices»»estimates Seloger. In the city of angels, the average price of old apartments fell 0.5% in May, at 5,045 euros per square meter. Until the beginning of this year, the prices had nevertheless resisted the real estate crisis caused by the outbreak of credit rates in 2022 and 2023, acquisitions in Nice being often funded in cash and not by loan. Seloger invokes “A renewed wait -and -seeing on the part of international customersparticularly present in Nice and more sensitive to the geopolitical context than national buyers ”.
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Towards a return to normal in Nantes and Lyon
In Nantes, on the other hand, the continuation of the drop in prices is rather to be put on account “Of a Back to normal“, explains the real estate portal, recalling that they had jumped 50% between 2015 and 2021, especially after the health crisis. Despite a drop in prices for old apartments 0.5% in Nantes in May, at 3,319 euros per square meter, which has brought their fall to 3.3% since January, “The demand struggles to go back to the city”notes Seloger. For whom “”A greater prices correction is still necessary in order to see the buyers return in a lasting way ” in Nantes. An analysis which also applies to Lyon, where, despite a decline of 0.4% in May and 0.2% since January, the price per square meter is still negotiated at 4,714 euros on average.
In Lille, he bent over 0.5% in May, at 3,395 euros, a drop of 1.8% since the start of the year. The consequence “Too fast recovery in prices in early 2024, fueled by optimism caused by the drop in Recovery rate for mortgage At the time, decrypt Seloger. Now, today, “L’uncertainty about the evolution of rates plane again. While there is still a short time, everything hoped for rates at 3% in the summer of 2025, against an average of 3.20% for credits over 20 years in May, they could on the contrary move away. “underlines the real estate portal. At the start of the year, “Many French people thought that on the horizon of 12 months, the interest rates of credits to the habitat were going to be 3%, or even below. But many uncertainties have appeared, both on the domestic and international side, which have attenuated the downward trend of the rates ”explained Bertrand Cartier, from the Etudes and Prospective Management of the BPCE group, during a press conference on May 28.
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