While buyers are gradually returning to the real estate market, Capital invites you to discover the evolution of apartment and house prices in the 50 largest cities in the country, updated as of October 1, 2024.
The real estate market is recovering. After a year 2023 marked by a significant drop in prices in metropolitan areas, housing prices are stabilizing. According to the national real estate price barometer Se Loger / Meilleurs Agents, published this Tuesday, October 1, the prices of apartments and houses stagnated in October over one month nationally (+0%) and are not progressing either. more in the 10 largest cities in the country (+0%), where they have otherwise been stable since January 1, 2024. “We have entered a phase of price stabilization, which should be confirmed in the coming months, comments Thomas Lefebvre, vice-president of data at Se Loger et Meilleurs Agents. The market will need a few months to digest the underlying trends initiated in the first half of 2024, such as the drop in borrowing rates, controlling inflation or increasing household income”. In this context, Capital invites you to discover the prices per square meter updated as of October 1, 2024 in the 50 largest cities in the country.
In detail, six of the ten largest French cities saw their prices fall slightly in October over one month. This is particularly the case for Nice (-0.2%), Strasbourg (-0.5%), Bordeaux (-0.5%) and Rennes (-0.7%). In Paris, where prices have fallen significantly over the last twelve months, the price per square meter is almost stable in October over one month (-0.2%). We must now count 9,279 euros per square meter on average in the capital to afford an apartment. Among the 10 most populated municipalities in the country, it is Marseille which saw its prices increase the most in October over one month (+0.9%) to reach 3,613 euros per square meter. Other cities have seen their prices rise since the start of the school year (+0.1% in Toulouse, +0.3% in Nantes, +0.4% in Montpellier and +0.6% in Lille).
A calm market until the end of the year
Note that this price stagnation does not only concern metropolitan areas since housing prices are stable in the 50 most populated municipalities in France over one month in October (+0%) but also since the start of 2024 ( +0.2%). Only prices for apartments and houses in rural areas have increased since the start of the year (+2.3%). It remains to be seen what the trend will be for the coming months. “Stone prices should continue to trend slightly downward until the end of the year, announces Thomas Lefebvre. These small variations are mainly explained by a seasonal calm in the real estate market with an autumn which is still better than last year.”
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