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The French real estate market began to revive in January

02.02.2024
Homesoverseas.ru editorial office
190
The statistics of the French housing market for January 2024 have been released, and many players rate it as encouraging.

In their opinion, after the sharpest drop in sales in the last 50 years last year amid high mortgage rates and other factors, there have been positive developments.

Sales of apartments and houses increased in January by 10.8% compared to December and by 1.3% compared to the same month in 2023.

Real estate prices increased by 2% year-on-year, but decreased by 1.5% compared to the previous month.

The optimism of some experts is due to the fact that loan rates will probably not rise any more, but, on the contrary, will go down. However, other interlocutors of the French profile publication believe that the housing crisis cannot be solved only by restoring an acceptable rate. Measures are needed to overcome the structural shortage of housing, both for purchase and for rent.

In 2023, only 875,000 apartments and houses on the secondary market were sold in France, which is 22% less than 1,115 million transactions registered in 2022. Prices have decreased in almost all provinces of France, with the exception of the Mediterranean coast, other regions of the south and Corsica. Real estate here has risen in price by 1–3%.

A source: I`Agence

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