The Quai des Bateliers, in Strasbourg.
In the district of Krutenau, the price per m² for an apartment approaches 4,000 euros.
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Caro / Dittrich / SIPA
The real estate sector is doing well in Strasbourg, with a price per m² up by almost 4 to 5% for older apartments last year.
Generally, the trend has been on the rise for decades.
Over the past five years, it would even be 20% according to the LPI-SeLoger barometer.
Are the prices going to increase further?
"I do not have a crystal ball but the current scarcity and the maintenance of historically low bank rates plead in favor of a continuous upward trend", answers Maître Laurent Ritter, joined on this point by the president of the FNAIM du Bas -Rhine.
Real estate agents "have a smile" in Strasbourg.
It is the president of the National Federation of Real Estate (Fnaim) of Bas-Rhin, Daniel Bintz, who says it.
Like everywhere, confinement has slowed the pace of transactions, but it has since picked up.
“On the Bas-Rhin, we were at a little over 12,000 sales in the old one in 2018 and 2019. We are already at more than 10,000 this year.
We will not catch up with the accumulated delay, but the activity is back as before and it is good, ”continues the specialist, whose business has been established in the Alsatian capital for more than seventy years.
"People are attached to stone here even more than elsewhere"
Over the period, no figures, but a clear trend: a constant rise in prices.
"Even during crises, as in 1997, Strasbourg did not suffer as much as other cities", confirms Maître Claudine Lotz, vice-president of the chamber of notaries of Bas-Rhin.
“It's hard to know why but it seems people are attached to stone here even more than elsewhere.
"
Over the past five years, the price per m² in the former would have increased by 20%, including 4.4% just over the last twelve months, according to the LPI-SeLoger barometer.
It would thus settle at 3,619 euros on average.
With obviously clear differences within the city: 1,680 euros in Hautepierre, the worst side, against 4,280 euros in the town hall sector.
"Right in the center, in a beautiful apartment, you can easily reach 5.500-5.600 per m²", adds Maître Laurent Ritter.
According to the figures collected by the chamber of notaries which he chairs, all the districts are "in an upward trend".
With very nice jumps for the same Hautepierre (+ 17% over one year), the Montagne Verte (+ 15.4%), Neudorf sud (+ 12.3%) or Koenigshoffen est (+ 10.6%).
The selling prices of older homes have also increased in the city.
"Statistics mean everything and say nothing, it is enough that a few beautiful properties find buyers for it to give figures like that", relativizes Daniel Bintz, without denying an overall evolution of prices.
That he does not see drying up, quite the contrary.
“The new programs are a bit at a standstill at the moment so the old ones should benefit.
Knowing that there are already more requests than offers, this should be felt in terms of prices… ”
"An uptrend continues"
How far will they increase?
"I do not have a crystal ball but the current scarcity and the maintenance of historically low bank rates plead in favor of a continuous upward trend", answers Maître Laurent Ritter, seeing a limit all the same: "When the numerous goods purchased in recent years with Pinel type devices (tax reduction) which all sell at the same time, we could see a small decrease.
"
Another argument raised by Daniel Bintz, the covid-19 effect: "We cannot yet measure it but if there was a lot of job destruction and if unemployment were to explode, the market could settle down", estimates the president of FNAIM 67, without really believing it.
“Real estate remains a safe bet and we are currently seeing investors leaving the stock market to return to stone.
»Especially in Strasbourg, more affordable than cities of the same size.
Buying a property in the Bas-Rhin prefecture costs 10% less than in Nantes, 33% less than in Bordeaux and… 193% less than in Paris, according to the LPI-SeLoger Barometer.
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