The sales price of flats across France fell in most areas in 2023 although there were exceptions.
Falls have affected essentially all regions of France, recent information from French notaires shows. This is considered the most precise data available as it includes all sales.
The data compares the change in price of flats sold between January/March 2023 - 2024 with January/March 2022 - 2023.
Price drops hit larger cities in France
In some areas, such as Lyon and Nantes, prices fell by more than 10% in that period.
Significant falls were also recorded in Grenoble (8.5%), Limoges (7.8%) and Nîmes (7.1%).
Prices fell in all regions and the Mediterranean and coastal regions of the south-west, which were previously more resistant to the initial drop in prices after Covid, also saw prices soften in 2023.
Prices dropped in Bordeaux (6.8%), Marseille (2.1%), Montpellier (2.6%) and Toulon (2.9%).
Nice was an exception seeing prices rise by 1%. Other areas to see prices rise were Strasbourg (1.1%), Amiens (2.1%), Bourges (3.3%) and Corse-du-Sud (2.2%).
Where did prices remain highest – and lowest?
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Unsurprisingly, the price per m² of a flat is highest in Paris.
Despite a 7.9% fall in the time period, the median price of €9,490 per m² is nearly double that of elsewhere.
The next highest price levels were in Nice (€4,670 per m²), Lyon (€4,480) and Bordeaux (€4,270).
In contrast, the lowest prices were found in Saint-Etienne and Mulhouse (both €1,140), Limoges (€1,520) and Bourges (€1,570).
You can see a chart with the information below.
VisActu / The Connexion
For full information, you can see the notaire’s latest report here.
Notaires believe September will be a critical month for property prices, as preliminary data for 2024 shows a reduction in the level of sales price falls, and more areas seeing prices rise, both for flats and houses.
This upturn may be curtailed, however, by political instability and European Central Bank decisions..
