sales are down

Inflation, uncertainty and even pessimism: the French are investing less in real estate on Tuesday 5 April. This is particularly the case in large cities such as Paris for example. In the capital, prices fell by 2.5% in one year but there are 14% fewer transactions in one year. Goods are selling poorly and the market is slowing down.

Director of ORPI Nouallet Immobilier, Sylvain Nouallet is unable to sell his 33 m2 to be renovated for 316,000 euros. The same for a 54m2 completely redone in the heart of Paris at 659,000 euros: its price has fallen but no one has bought it. Eymeric Bordes, real estate agent, lists several explanations such as the presidential election period when “there is a lot of attention”. Interest rates have started to rise. They reach 1.15% in March, which will not help buyers get started. 2022 should be a small year for real estate according to professionals.