2023-11-19 10:12:29
After a period of stagnation, is the new real estate market tending towards a slight recovery? This is not yet the case, of course, but it is the bet probably launched by certain developers who try to tickle the temptation of buyers with tempting reductions proposed, through certain large cities in particular.
Good news for households who were desperate to move into new housing, who have been frankly demotivated by increases in bank loan rates? Not really. Because there is something to look forward to in these offers, you never know! One thing is certain, price-wise, it’s going down. After the fall in supply and demand, prices for new real estate in turn begin to trend downward. It’s not cheap, but given the prices charged so far, the buyer still has reason to rub his hands in the face of the opportunities that present themselves here and there from now on. “Prices are in free fall, it is -30% over the third quarter” of the current year, reports BFM Business which places Lille, today, as the cheapest city in France, in terms of new real estate. An F3 is listed there at 305,000 euros on average. She thus steals the show from Toulouse which was until then the most attractive.
Buyer and promoter still do not meet
“This is not true everywhere, nor for all types of goods, but it might only be the beginning. The specialist site “trouver-un-logement-neuf.com” observed the 10 largest cities in France, and the prices displayed for 3-room apartments are the reference. Prices are falling in half of the urban centers studied.” Among the biggest declines recorded, in Lyon, we have been at -3% since February and at -8% in Nice. In Nantes, it fell by 6%, and by 2% in Montpellier.
But this does not seem to arouse the interest of potential buyers, who cannot yet take the step faced with the burden of the lasting increase in mortgage interest rates. Which means that purchasing power in this area is far from improving. But a little less where prices fall the most. Which means that, overall, the market remains very slow.
Monthly repayment payments are only increasing by 5 to 20%, with better rates achieved in Strasbourg, Toulouse and Marseille, three urban centers which, paradoxically, combine rate increases and price increases. In such a market, it is the developers who struggle the most. Because the latter will not be able to lower their prices sustainably at the risk of becoming more fragile with the costs of production agreed, knowing that many charges remain incompressible for them, such as those of materials or land, or even these drastic conditions to which they are subject for claim to acquire bank financing.
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