The marketing of new homes in France fell in the second quarter compared to 2021 and remains below its pre-pandemic level, according to figures published on Wednesday by the Ministry of Ecological Transition.
In the second quarter, 27,909 new homes were reserved by individuals. This is 13% less than in 2021, the year of “catching up” following the confinements of 2020, notes the ministry, and significantly less (-20.4%) than in 2019, the last year before the pandemic.
The number of homes put on the market is also down, by 11.7% over one year, with 28,733 new sales.
The drop is more marked for single-family homes, but these account for less than a tenth of sales and reservations.
Average sale prices continued to climb, by 4.9% for apartments and 5.2% for single-family homes.
The downward trend in sales can be seen especially in the tightest areas, namely Ile-de-France, the Côte d’Azur and the Swiss border.
Only the less tense areas, excluding municipalities with more than 50,000 inhabitants, see supply increase, but in very low volumes, the market being concentrated in tense areas and large agglomerations.
A total of 13.5% of reservations ended in cancellation by buyers, a rising share, the ministry notes, as the rapid rise in interest rates has caused turbulence in access to credit .
