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Multidirectional Trends in the French Real Estate Market

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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:
Mansion for 39 900 000 euro in Paris, France
39 900 000 €
Mansion in Paris, France
850 sq.m
France , Paris, 7th arrondissement   A unique mansion with a park   A unique mansion in the most prestigious center of Paris - in the 7th arrondissement, in a closed luxury residence (the only such complex in the very center of Paris). In the complex: 24/7 security, concierge service, beautiful park. The area of the...
INDOM
Apartment for 619 000 euro in Beaulieu-sur-Mer, France
619 000 €
Apartment in Beaulieu-sur-Mer, France
186 sq.m 2
Remote Transaction Credit
Beaulieu-sur-Mer, In the very center of the Golden Triangle and a 5-minute walk to the plaza and the Bay of Fourmi, a luxury residence with a heated swimming pool is being built There are only 12 apartments in the residence under construction: 2-room apartment of 186 m2, of which : living area of 48 m2 + garden terrace of 125 m2 + terrace of...
IMMOPS, Groupe AVS
Flat for 890 000 euro in Courchevel, France
890 000 €
Flat in Courchevel, France
2
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. Date of commissioning: Q4 2020.rsi190086
Knight Frank
Villa for 2 200 000 euro in Valbonne, France
2 200 000 €
Villa in Valbonne, France
205 sq.m 4 3
The new modern villa is located in a quiet residential area in Valbonne, within walking distance to the historic city center. The villa consists of an entrance hall, a bright living room, a dining room, a fully equipped kitchen, a laundry room, 4 bedrooms and 3 bathrooms.On the plot there is a swimming pool, a pool house, a terrace with a summer...
Knight Frank
Villa for 1 590 000 euro in Cap d'Antibes, France
1 590 000 €
Villa in Cap d'Antibes, France
120 sq.m 3 3
The villa is located in the eastern part of Cap d'Antibes, next to the Beach de la Garoup.The villa requires renovation and it is possible to expand the living area. Now the villa has 3 bedrooms, 3 bathrooms, a living room with access to the terrace, a kitchen, a garage and a cellar.
Knight Frank
Villa for 1 980 000 euro in Cap d'Antibes, France
1 980 000 €
Villa in Cap d'Antibes, France
160 sq.m 5 5
The villa is located near the famous Eden Roc Hotel and the beaches of Cap d'Antibes. The villa has an area of 160 sq. m. The apartment consists of a living room, a dining room, an open plan kitchen, 5 bedrooms, 5 bathrooms and a laundry room.The plot has a garden and a heated swimming pool, several terraces, a covered garage for 2 cars and an...
Knight Frank
Villa for 2 090 000 euro in Saint-Paul de Vence, France
2 090 000 €
Villa in Saint-Paul de Vence, France
280 sq.m 4 4
St Paul de Vence : within walking distance to the village, very beautiful newly built villa in a quiet environment with a lovely view and situated in a dominant position. It consists of an entrance hall, a spacious reception room, dining room, fully fitted kitchen and laundry, 4 ensuite bedrooms. Apartment of more than 100 m² to renovate on the...
SERVICEAZUR
Villa in Antibes, France (price on request)
Price on request
Villa in Antibes, France
240 sq.m 4 1
Villa in the heart of Cap d'Antibes, overlooking the sea and in a walking distance to the beaches. Villa of 240 sq.m. has on its first level a large living room with an open kitchen and adjoining dining room, a veranda, a shower room and a laundry room. On the second level there are 2 bedrooms with a balcony and 2 bathrooms. On the third level...
SERVICEAZUR
Villa in Cannes, France (price on request)
Price on request
Villa in Cannes, France
428 sq.m 5 5
SERVICEAZUR
Apartment for 346 000 euro in Saint-Raphael, France
346 000 €
Apartment in Saint-Raphael, France
92 sq.m 3 2 1
Remote Transaction Credit
Saint-Raphael the 3-room apartment is located in a luxury residence under construction and guarded, 10 minutes from the sea Area 78 m2+ terrace 14.7 m2 Floor: 2 Due date: September 2021 Price : 346,000 euros There are other apartments in this development. Contact: Tatiana Monte tel: +33612601109 WhatApp, Vi ber
IMMOPS, Groupe AVS
Apartment for 6 900 000 euro in Paris, France
6 900 000 €
Apartment in Paris, France
461 sq.m
France , Paris Luxury apartments on Avenue Foch Luxury apartments on Avenue Foch in the 16th arrondissement of Paris. The area of the apartment is 461m2: spacious living rooms, 6 bedrooms with private bathrooms and dressing rooms, a beautiful fully equipped kitchen, 4 studios for staff. Garage for 2 cars. Price: 6,900,000€
INDOM
Apartment for 2 750 000 euro in Cannes, France
2 750 000 €
Apartment in Cannes, France
153 sq.m 3 2 2
Credit 0.85-1.85%
This product - truly rare because of its seaside location, proximity to the beach and amenities, its many exhibits, and breathtaking panoramic sea views - will offer you an idyllic living environment. Wait no more, book your dream apartment now, in the heart of one of the most beautiful cities in France ... In the heart of this beautiful...
RFC ESTATE
House for 29 000 euro in Limousin, France
29 000 €
House in Limousin, France
Detached Stone house to renovate with bread oven and another stone building, plans drawn up and approved to turn into a 120m2ected to the mains drainageDouble glazing startedConcrete floor laid First building 60 m2 on the ground floor, possibility for 2 levels, with bread house 31 m2 with beautiful fireplace and then end of the bread oven 29 m2....
Sextant properties
Villa for 4 830 000 euro in Saint-Jean-Cap-Ferrat, France
4 830 000 €
Villa in Saint-Jean-Cap-Ferrat, France
250 sq.m 7 5 4
Beautiful, well-maintained provencal villa with a flat landscaped garden surrounded by trimmed hedges that provides plenty of privacy. Situated a short walk from the village of Saint-Jean and the popular beach Passable. The bright, open plan living/dining room with warm inviting decoration features a working wood fireplace and connects to the...
Marks Real Estate
Villa in Roquebrune Cap Martin, France (price on request)
Price on request
Villa in Roquebrune Cap Martin, France
600 sq.m 7 7
This exclusive property offers spectacular panoramic views over the sea and the Principality of Monaco and is located in Roquebrune-Cap-Martin, one of the French Riviera's most sought-after areas. Consisting of two houses, the estate of a total living space of about 600 sqm. benefits from a total privacy of closed domain, has its own access to...
SERVICEAZUR
Villa for 1 790 000 euro in Roquebrune Cap Martin, France
1 790 000 €
Villa in Roquebrune Cap Martin, France
250 sq.m 7 5 3
Credit 0.85-1.85%
Villa with magnificent sea view in the hamlet of Roquebrune.In a very quiet residential area, villa of approximately 250 m2 spread over two levels, surrounded by a garden of 1,030 m2 facing south, enjoying a magnificent panoramic view. The villa consists of a four-room apartment on the ground floor with entrance, living room with fireplace,...
RFC ESTATE
Villa for 1 990 000 euro in Eze, France
1 990 000 €
Villa in Eze, France
300 sq.m 6 5 4
Credit 0.85-1.85%
On the heights of Eze, in a quiet and residential area, superb Provençal villa of approximately 300 m2 of living space offering a very beautiful sea and mountain view, excellent sunshine and benefiting among other things from a very beautiful plot of 1800 m2 and a heated infinity pool with Jacuzzi.The villa consists of:Garden level: a...
RFC ESTATE
Mansion for 18 000 000 euro in France
18 000 000 €
Mansion in France
570 sq.m
France Cote d'Azur Mansion on the first line Stunningly beautiful modern mansion on the Boulevard Croisette in Cannes, on the first line from the beach. Design solutions, a magnificent panoramic view of the Bay of Cannes. The living area of the mansion is 350m2 + a terrace of 150m2 and + a terrace of 70m2 The condition is...
INDOM
Apartment for 194 000 euro in Nimes, France
194 000 €
Apartment in Nimes, France
You want to settle or invest in a residence on a human scale, close to Nimes while being quiet, this program is made for you! Small town in Occitania, childhood town of Alphonse Daudet, Bezouce combines the charm of stone, squares, alleys of plane trees and the cultivation of vines, all this, just 15 minutes from Nimes. The location of the...
Sextant properties
House for 148 000 euro in Normandie, France
148 000 €
House in Normandie, France
140m2 semi-detached house on one side located in Yerville has been renovated on 868m2 of land 5 minutes from the city center, comprising on the ground floor, a large entrance hall, a kitchen, a living room with an insert fireplace, a bedroom, a separate toilet. Upstairs 3 bedrooms, a bathroom, a toilet, a games room of 40m2, a convertible attic....
Sextant properties

Source: Connexion
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Multidirectional Trends in the French Real Estate Market
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