The prices are falling! Analysts have named the cheapest areas of Paris

Property prices in France continue to fall, but the dynamics is decreasing. In February 2024, the prices for apartments in Paris have fallen by 0.7% per month and by 6.6% on annual basis. Such data is provided in the report of the appraisal company Meilleurs Agents.

The main trends

• The average exposure time of objects has become longer. A year ago, it took 59 days to sell a typical home in France, now it takes 77. This suggests that sellers are in no hurry to get rid of real estate at reduced prices.
• Purchasing power is increasing. At the beginning of the year, many organizations in France increased salaries to the employees. At the same time, mortgage conditions are being relaxed.

Prices for apartments in different districts of Paris

Context

Paris remains the most expensive city in France for purchasing a property. For comparison: in Nice, each square meter of housing costs about €5,068, and in Marseille – €3,536.

Source: Meilleurs Agents

Photo by Alexander Kagan on Unsplash

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