A record number of sales... and record prices too.
In 2021, the number of sales reached a record level since 2000, with 1,178,000 transactions over the year, according to the Notaires-INSEE index published on Thursday.
In this context, the success of houses is undeniable: in 2021, they carried the rise in prices in old real estate, which reached 7.1% in France.
What confirms the desire for green and space that arose among the French after the confinements of 2020. In 2021, the price of houses in France rose by 9%, while that of apartments increased "only by 4.6%.
“2021 was an exceptional year, it is confirmed”, declared in a press conference Thierry Delesalle, president of the commission of real estate statistics of the Notaries of Greater Paris.
An exception to this increase: Paris
Year-on-year over 12 months, the absolute record was reached in the third quarter of 2021, with 1,212,000 transactions throughout France, a period which took into account the last months of 2020, when many sales following the end of confinements have been concluded.
David Ambrosiano, president of the Superior Council of Notaries, sees in this trend “a post-lockdown catch-up in the first months and an anticipation effect for 2022”.
He expects a volume of transactions that “could stabilize in 2022 at a still high level”.
An exception to this general increase in prices: Paris.
The capital is the only territory where prices fell in 2021, by 1.6%.
They nevertheless remain at stratospheric levels, with an average price per square meter of 10,600 euros, which should stabilize, with an estimate of 10,550 euros for next April.
And the further you get from Paris, the more apartment prices increase.
+2.3% for the inner suburbs, +3.8% for the outer suburbs, +8% in mainland France outside Île-de-France.
"The Covid has made an impression, because by being confined to apartments without a terrace, without a balcony, without being able to go out, I think people have become aware of the fact that Paris does not do everything," said AFP. Guillaume Martinaud, president of the Orpi agency network.
Purchasing power weighs on real estate choices
The capital has not, however, become a foil: the number of sales is increasing, without this being reflected for the moment in prices, noted Me Delesalle.
Two explanations for this: “the return to parental assistance”, families who accumulated savings during the health crisis having been able to help their children to buy;
and investors' appetite for the “safety stone”, ie Parisian real estate as a safe haven.
In fact, the gentrification of Paris continues.
The price difference between the most affluent arrondissements (6th, 7th, 8th, etc.) and the most accessible (18th, 19th, 20th, etc.) is historically low.
"Paris is in the process of regaining real competitiveness, especially compared to other capitals abroad, which are increasing a lot," said Thierry Delesalle.
Because where housing is soaring in several countries (Australia, Turkey, Northern Europe, etc.), in France, the rise in prices, although significant, is "equal to inflation" in the last quarters of the year, note- he.
A key fact, while the question of purchasing power is increasingly significant in the public debate, and housing is the first item of household expenditure in France.
“There is still as much desire to move, to have space, but people still pay attention to purchasing power,” says Guillaume Martinaud of the Orpi network.
Thus, in 2022, if fuels continue to be very expensive, this could have an impact on the attractiveness of the countryside and "all the areas where you need cars to get around".
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