Old real estate: Paris and its suburbs facing the shock of rising interest rates

Posted 23 Feb. 2023 at 12:33Updated Feb 23. 2023 at 06:54 PM

So far, the real estate market in the old Ile-de-France has shown good resistance in terms of both volumes and prices. But several signs attest to a paradigm shift, as observed in their latest market update of February 23, 2023 by the Notaires du Grand Paris.

While nine out of ten households who have a real estate project finance it on credit, “the more expensive and more difficult to obtain housing loans, coupled with the deterioration of the economic context, have begun to weigh on activity in the Ile-de-France region”, underlines Elodie Frémont, notary in Paris.