Julien Moreau / Photo credits: ERIC PIERMONT / AFP 19:03 pm, May 11, 2023
According to data from the latest Guy Hoquet barometer, the real estate market prices of the former continue to rise. A positive point can be drawn from this study: with a 5.2% increase in prices per m² in one year and a 2.1% increase over the last four months, we can observe a slowdown in the soaring prices.The price of old goods marketed continues to rise despite recent forecasts that announced a decrease. The average price per m² increased by 1.2% in April 2023 compared to March 2023 and by 2.1% over the period January-April 2023 compared to the period September-December 2022. On average, in France, it takes a budget of 373,000 euros to buy a home of 110 m² in the old, or an average price per m² of 3,408 euros.
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"Prices have not yet started to fall"
According to Stéphane Fritz, the president of Guy Hoquet Real Estate, the fact that prices are not falling in this sector can be explained as follows. "Contrary to recent announcements, prices have not yet started to fall. An observation consistent with the reality on the ground: we feel an inertia on the part of the sellers," he explains. "Not all are yet ready to accept that the economic situation and the decline in purchasing power or borrowing power of buyers require a questioning of the displayed value of their property," adds the president of Guy Hoquet real estate.
The southern and south-western regions were the two regions that saw prices per m² rise sharply over one year. The trend remains nevertheless positive for the southwest, which has recorded a slowdown in value over the last four months. The cities around the Mediterranean that recorded the highest increases in the average price per m2 over one year were Antibes (+20.8%), Béziers (+14.9%), Perpignan (+14.9%), Cannes (+12%) and Toulon (+11.1%).