The National Federation of Real Estate of France has shared the latest report on the current state of the real estate market
March 14, 2024
22
The market is more favorable to buyers than sellers.
What has happened
The French Federation of Real Estate Agents (FNAIM) has published a report on the market situation for February 2024.
Sales
According to FNAIM, 2023 ended with a record drop in sales (-22%, to approximately 865,000 transactions) and a decrease in prices, especially in densely populated areas.
The market is now more favorable to buyers, and it is very slow. The increases of interest rates over the past two years have not yet led to significant price reductions. The encouraging signs resumption of lending by banks and stabilization of rates in the end of 2023 seem to be not enough to revive the sector.
The sales are expected to fall again in 2024 (by around -10%), and price declines are predicted to accelerate and bring the buying activity back.
Prices
As is usually the case, the decline in sales volumes is followed by a decline in prices, which has already been observed since the beginning of 2023. After rising sharply before and after the pandemic (except for Paris), the prices have reversed and are now showing a slight decline.
The price declines were observed in most areas of France, except for tourist areas (seaside and ski resorts), where they are still remaining rather stable. Paris (-5.6% per year) and its outskirts (-3.7%) have suffered the most.
Other major cities have seen significant year-on-year price declines: Lyon (-6.1%), Nantes (-7.1%), Bordeaux (-4.9%), except Nice, which is still resisting the downward trend (+2 ,1%).
In general, the market falls are observed the most in areas with the highest property prices because buyers are more sensitive to lending rates there.
Most French departments have seen price declines, with the exception of Corsica and the Mediterranean coast.
Propreties for sale in France
10 000 000 €
Villa in Mougins, France
650 sq.m66
Step into the serenity of this 550 sqm villa, located within a secure, gated 2-hectare estate in the tranquil Mougins area, a mere 20 minutes from Cannes and the Mougins International School. This single-level, fully renovated family home sits amidst a lush 20,000 sqm wooded park, offering both privacy and an open view of the surroundings. The...
One of the finest estates of the French Riviera, extending over 30 hectares, offering unparalleled privacy and peaceful seclusion. The elevated position affords it sublime tranquillity and far-reaching views over the bay of Cannes, the Lerins Islands and the Esterel Mountains. - Offering abundance of living space, this prestigious property...
Countryside manor surrounded with 118 hectares (292 acres) of country surroundings in complete silence and tranquillity just 40 km from Nice. The property comprises 4 homes of 1 000 m² of land area; a 2-story manor of 235 m² with its beautiful view of the surrounding mountains and green landscape; 2-story farmhouse with outbuildings...
Sole agent. Situated on the hills of the delightful seafront Théoule-sur-Mer village, this family home benefits from a dominant position facing the sea and the mountains, bordering the Esterel natural park. 475 sqm of floor space ( 333 sqm Loi Carrez ) the house is built in 1992 and is arranged over three floors with an elevator. It sits on over...
Sale ultra-modern house located in a quiet area on the heights of Cannes, enjoying panoramic views on the bay of Cannes and the Esterel mountains. On 3200 m² of land, the villa of about 700 m² offers: a triple living room of 150 m² opening onto a terrace with an infinity pool, an equipped kitchen, 7 bedrooms all with ensuite bathroom and...
This luxury villa is located in one the French Riviera’s prestigious area – in Saint-Jean-Cap-Ferrat and enjoys beautiful sea view. The house of 330 sqm offers 5 bedrooms each with its bathroom, a living room with fireplace opening onto a terrace, separate fitted kitchen with dining area. The property is completed with a swimming pool and a...
New development in Beausoleil, on the border with Monaco and its Golden Square district, a 5-minute walk from Casino Monte-Carlo, comprising only 40 apartments, from studios to 6-rooms flats, from 30 to 160 sqm, with balconies, individual parking spaces and private cellars. Perfect location, Monaco is right across the street from the building....
For sale an estate with a tennis court and a swimming pool, with beautiful views of the sea and the Gattiere Castle, located on the hills of Saint-Jeanne, a 15-minute drive from Nice airport. The estate consists of a main villa with an area of 430 sq.m., a house for a caretaker or guests with an area of 110 sq.m., lies on a well-maintained...
New tree-bedroom apartment for sale, located in a new residence on the heights of Nice enjoying beautiful views over the sea, Nice surroundings and hills. The flat offers 83 sqm of living space, a terrace of 46 sqm and a private garden of 160 sqm. This new construction of modern architecture includes 16 apartments and features a park and a...
Magnificent modern villa located in one of the most prestigious locations of Cap Ferrat, a few minutes from the Grand Hotel and the beaches. The property has superb sea views and a lush environment. House with a living area of 250 m2 on a plot of 2095 m2. Rooftop pool with solarium. Large reception area with living and dining area opening onto a...
Magnificent modern style villa located next to the prestigious Grand Hotel du Cap in the quietest Mediterranean landscape with south facing sea. The living area is approximately 350 m2 with large bright living and dining area, fully equipped kitchen, study, 4 en-suite bedrooms, sauna, games room, large solarium terrace, 1900 m2 of flat and...
We present this beautiful property in excellent condition, located close to the Grand Hotel. Recently refurbished with high quality materials, this villa offers a spacious living and dining area, separate kitchen, 6 bedrooms and 6 bathrooms. The house has a studio, a guest room with its own bathroom, dressing rooms and a technical room. Large...
Only now - unprecedented offer! Price is shown without discount!
Exceptional villa of 232 m2, located a few minutes from the prestigious Grand Hotel in Saint-Jean-Cap-Ferrat.
The main house consists of an entrance hall, a large bright living room with a fireplace, a dining room with an American kitchen opening onto an open living room....
In the heart of the Cap Ferrat peninsula, 4 bedroom Provence style villa on a 14 acres flat scenic plot with a well maintained garden and a small staff studio.
The living area of the house is 230m2, with an open American style kitchen with a dining and living area on the ground floor, and a guest bedroom. On the second floor there are 3...
Nice, Lower Fabron, near the sea, an excellent residence in the Belle Epoque style built in 1926, with incredible charm, preserved by ancient charm! The 303 m2 building on 3 levels has a living room with a fireplace, two bedrooms and a kitchen on the main level, as well as 5 bedrooms, each with its own shower room upstairs. On the ground floor...
IMMOPS, Groupe AVS
2 200 000 €
Villa in Nice, France
326 sq.m965
Discover this exceptional 326 m2 English-style villa in a quiet location in Nice. This luxurious villa with magnificent sea views consists of 6 spacious bedrooms, 4 elegant bathrooms and a plot of 1.361 m2 with a swimming pool and garden. A bright double living room of 55 m2 with access to sunny terraces, air conditioning, fireplace and a large...
IMMOPS, Groupe AVS
1 780 000 €
Villa in Nice, France
271 sq.m633
Nice For sale is a 3-storey house built in the Belle Epoque style with an area of 271 m2 +plot. Entrance hall, double living room, separate equipped kitchen, dining room, dressing room, 3 bedrooms, laundry room, storage room, basement
IMMOPS, Groupe AVS
1 350 000 €
Villa in Nice, France
214 sq.m863
Nice For sale is a 3-storey house with an area of 214 m2 with a plot of 1200 m2 in a green quarter, 10 minutes from the Promenade des Anglais, a very beautiful corner house in the Provencal style with all expositions, with a swimming pool. On the ground floor you will find a large living room with a separate kitchen and toilet. On the 2nd floor...
IMMOPS, Groupe AVS
1 100 000 €
Villa in Nice, France
192 sq.m8
A 3-storey house for sale in the Imperial Park area. With an area of about 200 square meters and a spacious plot of 1200 square meters, this property offers spectacular panoramic views of the sea and the city. Currently, the house consists of three apartments. Depending on the needs, renovation works are considered, as they offer the opportunity...
A large apartment located on the ground floor in a well-preserved condominium. It consists of a bedroom, a living room, a bathroom, a separate toilet, a kitchen with a pantry.the cellar. Between Riquier station and a stone's throw from the Castel de des Royals Park, access to Monaco, close to all amenities. This apartment is a two-minute walk...
