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Real estate prices continue to fall. The purchase price has fallen by more than 10,000 euros for an apartment. This concerns the entire territory.
A quiet house in Pas-de-Calais to enjoy a peaceful retirement. To acquire this house, a couple negotiated a serious discount to fit their budget. “We had been looking for five years, and each time I found it, it was much too expensive (…) therewe saw this house and from 210,000, we managed to make it 180,000″explains Line Cazin, buyer. It’s not really a stroke of luck according to their agent, because the price is more in line with the period.
Increase in borrowing rate
The trend concerns all of Hauts-de-France, but also houses in the Paris region. Sometimes lowering your price isn’t enough. This is the case in Mouroux (Seine-et-Marne), where a house is on sale for 420,000 euros. The price has already dropped twice to reach 385,000 euros. If buyers are rare, it is because of the increase in borrowing rates which now exceed 4%. One sale was even canceled.
Among Our sources:
Barometer of sales prices carried out by the Century 21 agency network – Oct 2023
History of the average 20-year real estate loan rate by emploi.com