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Alexandre GELEBART / REA
The prices of second-hand homes accelerated their rise in the second quarter in France, marked by strict containment against the Covid-19 epidemic, while the drop in sales was limited, official figures show Thursday.
Between April and June, prices rose 5.7% compared to a year earlier, according to an index established jointly by notaries and INSEE.
Prices that have climbed, even during confinement
Not only did the price increase hold steady in the second quarter, a period dominated by strict containment that prevented any home visits for weeks in April and early May, but it even accelerated significantly compared to previous quarters.
However, this development does not bode well for future market developments, as real estate transactions for the quarter largely corresponded to transactions negotiated before the bulk of the health crisis.
A good recovery after leaving confinement?
More speaking on the resistance of the market, the number of transactions did not collapse, which seems to indicate a good recovery at the end of May and in June, at the exit of the containment.
At the end of June, the number of sales over the past year stood at 1.01 million, certainly down from its peak reached at the end of 2019 at more than 1.05 million.
But it remains above the symbolic threshold of one million, crossed at the beginning of last year and therefore remains at a high level compared to recent years.
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