The French dream becomes more accessible: the decrease of housing prices is breaking the records
February 21, 2024
We explain the consequences for ordinary buyers and investors.
What has happened
At the start of 2024, property prices in France were falling at the fastest rate in over 5 years.
Price reduction in numbers
-1.0% per year from August 2022 to August 2023
-3.0% from November to November respectively
The prices of older houses in urban areas of France (-3.8%) are falling faster than in rural areas ( -1.9%).
Forecasts for 2024
Apartment prices would be stable in Lille, Marseille and Toulon.
Significant annual drops of at least 8% would be expected in Besançon, Mulhouse, Nantes, Angers and Rouen.
The Reasons for the market decline
Unhealthy market conditions. From September 2022 to August 31, 2023, 955 thousand transactions took place across the country, which is 16.6% less than in the previous 12 months.
The Property Market in France between 2018 and 2022 experienced an unprecedented boom, with property prices increasing by +27.8% and the rolling average of property sales topping over 1 million in 13 out of the 20 quarters. So there was bound to be a correction at some point.
French banks have practically stopped lending to buyers by tightening mortgage conditions. During 2022, the French Government and Banque de France introduced regulatory rules which restricted new mortgage loans to a maximum period of 25 years (previously the maximum was 35 years) and capped the amount that could be borrowed to 35% of the borrower’s income, minus all other loans. So in general, “even if you want it, you won’t take it.”
The key points for investors
It is unlikely that prices will creep up within a year. In this case, it can be expected that a real buyer with the full amount in hand (that is, without a mortgage or loans) will receive preferences and discounts from sellers.
Here's what you may purchase in France right now:
7 900 000 €
Villa in Mougins, France
550 m²65
Sole Agent : Nestled within an exclusive private gated estate in one of Mougins' most peaceful residential settings, this single-storey villa offers 550 sqm of living space, surrounded by 20,000 sqm (2 hectares) of private landscaped grounds. -
Combining complete privacy, absolute tranquillity and generous spaces, the property enjoys an...
One of the finest estates of the French Riviera, extending over 30 hectares, offering unparalleled privacy and peaceful seclusion. The elevated position affords it sublime tranquillity and far-reaching views over the bay of Cannes, the Lerins Islands and the Esterel Mountains. - Offering abundance of living space, this prestigious property...
This sprawling 118-hectare estate, located a mere 40 km from Nice, offers a unique blend of privacy, natural beauty, and potential for development. Comprising nearly 1,000 sqm of living space, this rural haven includes a 235 sqm two-storey house boasting panoramic mountain views, and a spacious 560 sqm farmhouse complemented by a 246 sqm horse...
Villa in the style of Belle Époque was completely renovated by its current owner, a world-renowned architect. He kept only the walls, creating a more modern interior with custom-made furniture. Despite the area of 420 square meters, this mansion feels like a small cocoon, and the living room and upper bedrooms offer a magnificent view of the...
The apartment of 45 sqm is located on the second floor of a new building under construction in Cap d'Ail, 10 minutes walk from the beaches of Mala and one of the best beach restaurants of the French Riviera - La Pinede. The apartment includes a living room with kitchen and balcony of 8 sqm, bedroom with shower room. Parking space in the...
Sole agent: Spacious apartment ideally located in the prestigious new residence *Parc du Cap*, in building *A*, just a short walk from the picturesque coastline of Cap d'Antibes. With a living area of 118 sqm, this elegant property features an entrance hall with built-in wardrobes, a bright living room, a modern fully equipped kitchen, and three...
Located in the prestigious La Californie district of Cannes, this 380 sqm luxury triplex apartment occupies part of the historic Château Scott, one of the French Riviera's most remarkable 19th-century residences. The property enjoys panoramic views over the Mediterranean Sea, and is just minutes from La Croisette, the beaches and the city...
Sole Agent : Nestled just a short walk from Keller Beach, this property in Cap d'Antibes offers an exceptional French Riviera lifestyle on a vast 4300 m² flat plot, featuring beautifully manicured gardens, a small pond, and an extendable heated pool. The 500 m² Provençal-style villa is impeccably maintained and encompasses...
Sole agent: Located within a prestigious private gated estate in Antibes, this modern villa for sale on the French Riviera offers approximately 240 sqm of living space and enjoys panoramic sea views stretching across the Mediterranean coastline and surrounding hills. -
Set on landscaped grounds of 1,800 sqm, the property combines contemporary...
Sole agent: New 3-bedroom apartment located in Building D of the prestigious Parc du Cap residence on Cap d’Antibes, just a short walk from the beaches. Nestled within a beautifully landscaped park, this luxurious residence offers high-end amenities, including a tennis court, two swimming pools, a fitness center and SPA, private underground...
Nice West – Lanterne District
Set in a sought-after, leafy residential area, within a small residence featuring a swimming pool, discover this beautiful three-room apartment with dual aspect, located on the 2nd floor of a building with a lift.
Upon entering, a spacious hallway provides convenient access to all the rooms of the...
IMMOPS, Groupe AVS
490 000 €
Apartment in Nice, France
120 m²321
In the heart of Parc Saint-Maur, discover an exceptional residence offering one of Nice's most attractive features: a large, tree-lined park with direct access from the residence. An especially pleasant setting for families with children, dog owners, or simply those who appreciate nature, while remaining close to schools, shops and public...
IMMOPS, Groupe AVS
322 000 €
Apartment in Lyon, France
71 m²321
Lyon is the perfect place in Lyon to live or invest. Discover the first new residential complex located in the 8th arrondissement of Lyon!
Comfortable environment for living, combining the dynamics of the city and the atmosphere of comfort.
Located in the eastern part of Lyon, the 8th arrondissement attracts with a harmonious combination of...
IMMOPS, Groupe AVS
234 000 €
Apartment in Evian-les-Bains, France
55 m²211
Evian is le Ben.
A modern residence full of elegance with a beautiful garden is located in the center of Tonon - Le Ban, on the shores of Lake Geneva. A total of 48 apartments. Its modern architecture with timeless style is based on perennial materials, which guarantees long-lasting quality.
Apartments are available from 2 to 4 rooms, each...
IMMOPS, Groupe AVS
650 000 €
Apartment in Nice, France
110 m²321
Nice, Fabron district. 3-room apartment with sea views and an area of 75 m2 + a terrace of 55m2 Located in the West part of Nice, in a popular area, a stone's throw from the Promenade, the tram line and all amenities, this apartment villa enjoys a calm and green living atmosphere in a modern and luxurious house
IMMOPS, Groupe AVS
1 295 000 €
Apartment in Cannes, France
96 m²433
Cannes, a 4-room apartment of 85 m2 + balcony of 11 m2 is located in an elite bourgeois building on Hoche Street. In the heart of Cannes, in the heart of the most popular pedestrian street downtown, a stone's throw from shops, restaurants, beaches and the Palace of Festivals.
This exceptional apartment combines stylish design, natural light...
IMMOPS, Groupe AVS
785 000 €
Apartment in Cannes, France
111 m²432
Cannes, Boulevard Alexandre III, is a four-room apartment of 91 m² + terrace of 20 m2 + parking and basement, 200 m from the Croisette overlooking the park. This apartment consists of a living room of 35 m², 2 bedrooms, 1 bathroom, 1 shower room, 2 toilets, separate and equipped kitchen Renovation required.
Excellent investment project
IMMOPS, Groupe AVS
2 600 000 €
Villa in Antibes, France
220 m²643
ANTIBES. MODERN VILLA 10 minutes from Cap d'Antibes and 500 m from the beach on foot. The property is decorated with quality materials, facing south to a quiet area. 220 m² + 1000 m² garden with 13 x 4 m swimming pool with salt cleaning. The villa is fully equipped with air conditioning. On the ground floor of 86 m²: kitchen...
IMMOPS, Groupe AVS
328 000 €
House in Nice, France
300 m²1818
Remote Transaction
New class residence in the vicinity of Nice
Residence Les Terrasses du Mont, located on the hills of Nice, in the picturesque town of Falicon, promises peace and prosperity just minutes from the bustling French Riviera.
The city, known for its authenticity and tranquil surroundings, is a real gem hidden in the greenery.
The project with 18...
Your Invest Home
590 000 €
Apartment in Evian-les-Bains, France
142 m²432
Evian-les-Bains. On the shores of Lake Léman, 4 x bedroom penthouse of 90.95 m² + terrace of 51 m² + 2 GARAGES + basement located on the TOP FLOOR with elevator. Built in 2026, the condominium features a privileged landscaped area and neat interior and exterior common areas. Unlimited views and mountain views. (Double glazed carpentry / bay...
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