The Russian-Ukrainian conflict and the inflationary shock affect the confidence of European households and their real estate purchasing power. This is the case in France, but also in Germany and Belgium, three countries targeted by the Aviv group (SeLoger and Meilleurs Agents brands) in its first barometer of European real estate prices.
In these three real estate markets, candidates for the purchase of a home through borrowing have been faced with rising mortgage interest rates since the beginning of the year. This increase in prices already implies changes in purchasing power for French, German and Belgian households, note the authors of the barometer. Between January and July 2022, the purchasing capacity in square meters* fell by 5 m² for France as a whole and by 1 m² for Paris, falling respectively from 64 m² to 59 m² and from 19 m² to 18 m² .
