prices in the old fall in the first quarter of 2023, a first since 2015

Good news for buyers? The prices of old real estate fell by 0.2% in the 1st quarter, according to the Notaires-Insee index which refers. This is the first decrease recorded from one quarter to another since June 2015. Year on year, prices rose by 2.7%, a very marked deceleration compared to the end of 2022 (4.6%). , particularly driven by houses.

These continue to grow faster than apartments (+3.1% against +2.2%), as has been the case since 2020, but the gap is closing rapidly compared to previous quarters. Moreover, in the first quarter of 2023 alone, the trend was reversed: the price of houses fell more than that of apartments (-0.3% against -0.1%).

In a context of inflation, real estate suffers from the rapid rise in interest rates, which heavily penalizes households having to borrow to acquire a property. Prices over one year are now down in Ile-de-France (-0.6%), while they are still rising in the region (+3.9%) despite a pronounced deceleration. The number of transactions over 12 months is estimated at 1.07 million, down sharply from the first quarter (1.12 million) but still well above the historical average.