According to analysts, the average cost of real estate in France will fall by 5-10% in 2023. The deterioration of the market situation is associated with inflation, higher loan rates and a decrease in people's purchasing power.
It is expected that after two years of boom (in 2020 and 2021), the real estate market will face the biggest slowdown in the last 10 years.
At the beginning of last year, mortgage interest rates were 1%, but now they have already risen to 2.5% and may reach 3.5% by the end of the year.
Source: The Connexion
