Multidirectional Trends in the French Real Estate Market
November 18, 2022
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Prices are falling in some cities, while rising in others.
After two years of dynamic development, rising inflation, mortgage rates, and energy prices, the French housing market has begun to cool.
Example. The network of real estate agents Orpi noticed that this year its sales volumes returned to the level of 2019. However, Orpi president Guillaume Martineau said: "Even if the number of buyers decreases, we will not push the panic button. After two particularly dynamic years, we are seeing a return to normal life."
Overall, the number of sales completed in France in 2022 is expected to exceed 1 million after reaching 1.17 million in 2021.
Against the background of a slight slowdown in the market, some trends are beginning to manifest themselves.
Multidirectional price dynamics. Property prices are slowly declining in some urban areas, including Paris, but are still rising in other small cities such as Dax and Vannes, where, according to Orpi, they have increased by 19% over the year.
A pan-European study published in October by the Aviv Group, which owns Se Loger and Meilleursagents, showed that this trend will continue in 2023. This suggests that, although prices in Paris fell by 0.2% in 2022, they will decrease by another 3% in 2023, and in medium-sized cities and rural areas will increase by 3-5%.
The supply of housing with low energy efficiency is growing. It is expected that the number of properties for sale in large cities will continue to grow, as the new legislation gradually prohibits renting out the least energy-efficient apartments and houses.
From January 1, 2023, people who own real estate that consumes more than 450 kWh per square meter per year will no longer be able to rent it out.
The supply of such properties is already growing rapidly. In the network of real estate agents Laforêt, the share of real estate with an energy efficiency rating of F or G has increased by 11% since the beginning of the year.
Mortgage rates are rising. According to Crédit Logement CSA, at the beginning of 2022, the rate on a 20-year mortgage in France was usually just over 1%. However, it is expected that in the period from now to June 2023, this figure will reach an average of 2.8%.
This is happening at the same time that banks are tightening credit conditions. The Supreme Council of Financial Stability has already asked banks not to allow people to borrow more than 35% of their income.
New buildings are getting more expensive. According to the estimates of the Fédération des Promotions Immobiliers de France (FPI), the price of new real estate reached an average of €4,827 per square meter, an increase of 5.8% between the second quarters of 2021 and 2022.
This prompted the French Federation of Construction (FFB) to warn of a potential "collapse of the new real estate market", as the number of homes entering the market has decreased by 26.8% since the beginning of 2022.
Propreties for sale in France:
890 000 €
Flat in Courchevel, France
67 sq.m22
The chalets and apartments will be located in the heart of Courchevel in a new exclusive residential complex.
The complex will include 10 modern apartments ranging from 67 to 158 sq. m. m and 7 exquisite chalets ranging from 85 to 278 sq. m.
Commissioning date: Q4 2020.
rsi190086
NF Group
Price on request
Villa in Cannes, France
1000 sq.m66
Villa for sale in the hills of Cannes with panoramic views of the sea, the surrounding area and the mountains.
The living area is 1000 sq.m., the living room is more than 150 sq.m. with access to a panoramic terrace with a swimming pool, a summer kitchen with barbecue. There is a dining room and an equipped kitchen. 6 bedrooms, separate 2-room...
SERVICEAZUR
895 000 €
Apartment in Cap d'Antibes, France
91 sq.m2
The elegant apartments, located in a luxurious gated and guarded residence, include a spacious living area, a kitchen combined with a dining room, 2 bedrooms, 2 bathrooms, a terrace. The built-in kitchen of Italian design is equipped with a quartz countertop and Siemens appliances. The bathrooms are equipped with sanitary appliances from Laufen,...
NF Group
10 000 000 €
Villa in Antibes, France
450 sq.m65
A beautiful villa ideally located on the fashionable Cap d'Antibes peninsula, close to the famous La Garoupe beach. With a living area of 450 sq.m., the 3-storey villa is in excellent condition after major renovation, includes: on the first main level there is a spacious living room with a fireplace overlooking the garden and pool, a dining...
SERVICEAZUR
Price on request
Villa in Theoule-sur-Mer, France
1200 sq.m107
The villa of the legendary couturier Pierre Cardin – The Palace of Bubbles is a unique estate towering over the sea in Teul–sur-Mer. 1200 sq.m. living space includes : an amphitheater with 500 seats, a banquet hall, a living room with spectacular panoramic sea views and 10 bedrooms decorated by famous artists. Terraces, gardens, fountains and...
SERVICEAZUR
Price on request
Villa in Cannes, France
360 sq.m55
An excellent luxury villa of 360 sq.m, with stunning sea views. It is located in Cannes on the territory of a closed guarded residence 24 hours a day. The following infrastructure is offered to its residents on the territory of the residence: There are 2 swimming pools, tennis courts, a football field, a playground and a picturesque park of...
SERVICEAZUR
Price on request
Villa in Beausoleil, France
201 sq.m44
Credit 0.85-1.85%
Villa "LA ROTONDE" is a unique combination of exclusive design, excellent location - a few minutes from Monaco, ergonomics and environmental friendliness. A large terrace overlooking the sea, a cozy garden, a stylish swimming pool and luxurious interior decor - all this will delight you and your guests. Floor covering of four types of...
RFC ESTATE
Price on request
Villa in Roquebrune Cap Martin, France
350 sq.m8
Credit 0.85-1.85%
This contemporary south facing villa was designed in the Brutalist architectural style of the award-winning CH IVALDI ARCHITECTE D.P.L.G. The "First Grand Prix of Rome" in 1964, and is a masterpiece of architecture with an ultra-modern interior.
A stone's throw from the glamor of Monaco, with magnificent views of the port of...
RFC ESTATE
Price on request
Villa in Roquebrune Cap Martin, France
600 sq.m12
Credit 0.85-1.85%
This magnificent modern villa of approximately 600 m2 with excellent finishes and first class service offers tranquility, sophistication and magnificent views of the Mediterranean Sea. Built on 4000 m2 of landscaped land planted with Mediterranean plants, with a heated swimming pool, the villa consists of a bright living room with access to the...
RFC ESTATE
2 000 000 €
Penthouse in Roquebrune Cap Martin, France
150 sq.m423
Credit 0.85-1.85%
Magnificent penthouse on the seafront with a living area of about 150 m2 with a mezzanine of 30 m2 and a terrace of 46 m2. It consists of an entrance hall with a large pantry, a spacious living room, an equipped open plan kitchen, 2 bedrooms, a dressing room, a laundry room, 2 bathrooms. Mezzanine 40 m2, of which 30 m2 living area, consisting of...
RFC ESTATE
658 000 €
Apartment in Nice, France
110 sq.m422
NICE, Golden Square
The 4-room apartment is located in an old building in the Belle Epoque style. Area 102 m2 + balcony + separate maid's room
bathrooms: 2, toilets: 2
Floor: 3/5
IMMOPS, Groupe AVS
7 000 000 €
Villa in Saint-Jean-Cap-Ferrat, France
400 sq.m1066
Credit 0.85-1.85%
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...
Very close to Monaco, this property of approximately 12,758 m² overlooks the beaches of Golfe Bleu, the sea and the skyline of Monaco. Property called "LA GIUNCARELLA", on which are built: - Main villa built on two levels + attic, including:
- On the ground floor: entrance hall, living room with access to the terrace, pantry,...
RFC ESTATE
1 150 000 €
Apartment in Villefranche-sur-Mer, France
97 sq.m32
Credit 0.85-1.85%
This exceptional 3-room apartment, completely refurbished, in a secure luxury residence in Villefranche-sur-Mer. The luxuriously designed and furnished apartment consists of an entrance hall leading to a beautiful living room with a spacious terrace of 28 m2 and magnificent panoramic sea views, two bedrooms, each with its own bathroom, a kitchen...
RFC ESTATE
1 400 000 €
Apartment in Roquebrune Cap Martin, France
92 sq.m322
Credit 0.85-1.85%
Magnificent high floor apartment with a spacious terrace and private garden, located directly above the beaches, offering breathtaking panoramic views of the sea, the cape and Monaco in a newly built residence with a swimming pool. The apartment has a large terrace and a private garden of 40 m², consists of an entrance hall with an armored...
RFC ESTATE
1 760 000 €
Apartment in Roquebrune Cap Martin, France
70 sq.m21
Penthouse apartment, in Roquebrune-Cap-Martin, a few steps from the sea, in a luxurious residence with gardens, swimming pool and private access to the sea, with a private roof terrace of 35 sq.m., with Jacuzzi and 360° views of Monaco and the Mediterranean Sea.
The penthouse consists of an entrance hall leading to the living room, a separate...
SERVICEAZUR
685 000 €
Flat in Paris, France
53 sq.m22
Residential complex in the 15th arrondissement of Paris. Apartment size: 53-132 sq. m. Number of bedrooms: 2-5. Balcony in each apartment. Nearby: restaurants, shopping center, shops, metro, private and public schools, park. Location: 15th arrondissement of Paris. Availability: IV quarter of 2024
NF Group
293 000 €
Apartment in Cannes, France
63 sq.m321
In the city center of Cannes (06400), a 7-minute walk from the Rue d'Antibes, discover this charming 3-room apartment of 60 m2, located on the top floor of a cute little two-storey residence with a good ceiling height. It consists of two bedrooms, a kitchen and a shower room. The apartment also has a small balcony, reversible air conditioning...
IMMOPS, Groupe AVS
438 000 €
Apartment in Antibes, France
64 sq.m321
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A new program in Antibes
Ideally located between Nice and Cannes, Antibes offers a unique place to live in the heart of the Cote d'Azur.
A few minutes from the city center, Fort Carre, Port Vauban and beaches, apartments with spectacular sea views in the heart of a landscaped park.
Apartments from 2 to 4 rooms with large terraces....
VieBelle Immo France
1 900 000 €
Apartment in Cannes, France
166 sq.m531
Credit 0.85-1.85%
This magnificent south facing villa apartment of 166 m2 of living area, completely renovated in 2023 by the renowned firm RH DESIGN, is located in the most prestigious gated community La Croix des Gardes with 3 hectares of parkland, swimming pool and tennis court.
The apartment consists of: entrance hall, living room, dining room, three...
