The real estate purchasing power of the French continues to decline, and the prices of old housing continue to soar: over one year, + 5.2% for apartments and even + 9% for houses, according to the notaries’ balance sheet. David Ambrosiano, the president of the Superior Council of the Notariat, details on Franceinfo Monday December 13 the phenomenon: “Over ten years, the most significant increase was seen in Bordeaux, with an increase of 64%. Lyon is at + 60%. Today, four cities are more than 4000 euros per square meter: Paris, Nice, Lyon and Bordeaux.”
For David Ambrosiano, the rise in prices has a fundamental explanation: “There is a cruel lack of new housing production. Mechanically, that drives up the prices.“The representative of the notaries underlines that this situation”refers to local public policies“, at the level of municipalities or intercommunalities. He believes, however, that it is necessary”put things into perspective“:”When we compare with other European countries, France is not too badly housed in terms of rising house prices.“
For almost two years, the pandemic has accentuated certain developments. “No urban exodus “, according to David Ambrosiano, but some essential criteria for buyers: “Un outside, one more room for teleworking, and security “” The president of the Notarial Council nevertheless observes that “40% of French people who have moved say it is because of the health crisis “.
Until now, we have been talking about real estate as a safe haven. Now, it is rather real estate as a quality of life that takes precedence.
David Ambrosiano, President of the Superior Council of Notarieson franceinfo
Notaries are also observing an increasingly strong demand for single-family homes, and for medium-sized towns “who are connected “, accessible, and well-resourced in health and education.