Real estate: this is how prices will evolve in 2025, and this is the boss of Century 21 who says it

After a significant drop in old property prices since the end of 2022, Charles Marinakis, president of Century 21 France, provides his estimate of their evolution for this year.

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If you have a project toreal estate purchase, don’t delay. After two and a half years of crisis, “the fall in prices of old real estate will (already) be over in 2025!”warns Charles Marinakis, president of the network ofreal estate agencies Century 21 France, during a press conference, this Monday, January 6. In 2024, the prices of apartments fell by 0.7% compared to 2023 within the Century 21 France network, and those of houses, by 3.8%. Which brings the fall in apartment prices to 4.1% since the start of the real estate crisis in 2022, and that of house prices in 5.6%. If the decline is greater for individual houses than for collective housing, it is because the former had “inflamed real estate prices after the health crisis and therefore suffered a greater backlash”specifies Charles Marinakis.

For him it is about “significant price reductions, which must be communicated to mobilize buyers.” Take the example of Paris: the average price per square meter plunged by 9.9% over the last two years, falling to 9,321 euros. “A drop of almost 10% is a lot”underlines Charles Marinakis. The trend is identical in the rest of Ile-de-France, with a plunge in prices of more than 9%, for apartments and houses, between the end of 2022 and the end of 2024.

Rebound in real estate sales in 2025

And it is thanks to this drop of almost 10% in the average price per square meter in two years, coupled with the bincrease in credit ratesthat the Parisian real estate market “got back on track”explains the manager. Sales in the capital rebounded by 3% in 2024, compared to 2023, which saw transactions plunge by almost 13%. More broadly, the drop in prices in France has enabled 780,000 sales to be made nationally in 2024, i.e. a decrease of “only” 10% compared to 2023, the year when sales fell by 25%, estimates Charles Marinakis.

The boss of Century 21 France – who is counting on 850,000 transactions in 2025 thanks to the continued decline in credit rates, to a range of 2.75% to 3.25% over 20 years, compared to 3.30% currently – therefore urges real estate agents to “master” the sellers’ claims over the coming months. “If a seller notices that he now has three visits to his property per week, compared to zero during the previous six months, he will no longer lower his price!”explains Charles Marinakis. Which provides for a increase in prices of old real estate by 2 to 3% in 2025for the whole of France.

The price increase must not exceed 3%

“This increase must not exceed 3%otherwise the market will block again”buyers do not have the financial means to keep up with this pace, he warns. Buyers who, on the basis of a monthly loan payment of 1,500 euros over 20 years and a contribution of 37,500 euros, can today claim a purchase of 293,300 euros (notary fees and professional fees). agency included), compared to 282,726 euros a year earlier, thanks to the fall in prices and rates, which peaked at 4.35% in December 2023.