The increase in real estate prices has been almost halved compared to 2021. (illustration) (Pixabay / AlexanderStein)
The first half of 2022 marked a marked slowdown in the rise in real estate prices. The increase over the period was limited to 1.7% across France as a whole, compared to 4% in the first half of 2021. All areas are affected by this slowdown, but especially the major cities .
Could the soaring real estate prices in France be calming down? After a sharp rise in 2021, the trend seems to be towards a return to calm in the first half of 2022, according to the latest barometer on the subject produced by MeilleursAgents and relayed on Friday July 22 by
BFM TV
.
Sharp slowdown in major cities
Between January and June 2022, the price of goods only increased by 1.7%, i.e. more than half as much as over the same period in 2021 (+4%). In the big cities, the rise in real estate prices is even only 1.6%, when it was 3.2% in the first half of 2021.
This deceleration is even more marked if we compare it to the first half of 2020 and 2019, during which the increase hovered around 4.5%. From now on, all the big cities are in a stabilization phase in their prices, or even slightly down as in Montpellier.
Rural areas on the rise
Rural areas seem to do a little more well in this context, because the rise in prices remains stronger there than in large metropolises or medium-sized towns. Over six months, the increase is 4.5%. This still represents a slowdown, since the price increase was 7% over the same period in 2021.
However, the month of June 2022 marked a marked slowdown, with an increase limited to 0.6% in rural areas. This may be a collateral effect of the rise in mortgage rates, which rose from 1.39% to 1.52% between May and June, leading to a decline in household purchasing power. .