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SEE: flat prices start to fall in France in new notaire data

The number of sales was already in decline

The price of non new-build flats in Paris fell by 5.3% in one year Pic: Thomas Dekiere / Shutterstock

The price of non new-build flats has started to decline according to new sales data with only the south-east of France bucking the trend. 

France's largest real estate agency, Century 21 had previously stated that “prices have to go down” in order to resuscitate the flagging housing market; new data from the Notaires de France appears to show the start of this.

Paris in particular saw the price of non new-build flats fall by 5.3% between the third quarters of 2022 and 2023.

In Lyon, the fall has been more pronounced, with 5.9% over one year.

Some other areas see prices still increasing albeit generally below the rate of year-on-year inflation, which was around 4% in the third quarter of 2023.

The only area that saw a marked increase in the sales prices of non new-build apartments was the south-east, where Nice and Toulon saw rises of 4.3% and 6.4%.

Sales price of non new-build flats in France:

Pic: Visactu / The Connexion

Read more

France’s property market sees greatest fall in sales for 50 years 

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