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Real estate: prices are falling
After several years of constant increases, property prices have been falling in recent months. And the trend will continue in 2024.
(France 2)
After several years of constant increases, property prices have been falling in recent months. And the trend will continue in 2024.
After Covid, the year 2023 was affected by the rise in credit rates and the drastic fall in the number of loans granted by banks to individuals. Sales had therefore slowed down. In 2024, the trend is favorable to buyers due to the gradual drop in interest rates on bank loans. It is generally in urban areas where prices have already fallen significantly that we observe this dynamic, like Marseille.
Falling rates
“Prices will no longer necessarily fall, but rates will. Which will increase the purchasing power of buyers”assures Anthony Valeix, manager of the real estate agency “Coast and Town”. Thus, it could well be that housing purchases start to rise again at the end of the year.
