The rise in prices is more marked in the region, especially for homes. In Ile-de-France, the rise is 4% over one year; In Paris, prices remain stable.
Le Monde with AFP
The prices of old housing continue flight. In the third quarter of 2021, they increased by 7.4% over one year, according to the Index established in common by the notaries and the National Institute of Statistics and Economic Studies (INSEE), published on Tuesday, November 23rd.
The rise is more marked in the region, where prices have risen by 8.8%. This is especially true for homes, the price of which increased by 9.4% over one year, compared to 7.5% for apartments. In Ile-de-France, the increase is 4% compared to the third quarter of 2020. A first for the region since 2016: the increase is much more pronounced for houses, which sell 7% more expensive than The same period in 2020, compared to 2.5% for apartments.
Stable prices in Paris
To buy an old property in Ile-de-France, you have to pay an average of 6,840 euros per square meter. In Paris, the price of the square meter remains stable, at 10 790 euros, with important deviations between the districts: 9 250 euros in the 20 e arrondissement, 14 540 euros in the 6 e . “The capital stays away from the rising price dynamics”, emphasized the notaries of the Grand Paris in a statement , believing that this trend could extend” by January 2022 “.
In parallel, “the craze for the Grand Crown has amplified”, thanks to the “permanent telework”, explained Yann Pezeron, notary in Montfort-L’Amaury, at the press conference of the Notaries of Greater Paris. “There is a stronger taste of the Francilians for the more distant areas in Ile-de-France, also because the houses are cheaper, but it is an unprecedented situation,” said Thierry Delasalle, spokesman for the Chamber of Notaries of Paris and President of the Real Estate Statistics Commission.
“Chronic Lack of Renewal of the Offer”
In September 2021, INSEE estimated that 1.2 million old housing had been sold over the last twelve months, a constantly rising figure since the fourth quarter of 2020.
However, “the first advanced indicators report a settlement of the volumes of the pre-contracts in the fall,” have nuanced the notaries of the Grand Paris. They expect a return, in the coming months, “sales volumes still very high, but less exceptional”.
For the latter, the major challenges in the coming months are clear: go beyond the “chronic lack of renewal of the supply and construction deficit in the region” and succeed in adapting to “regulatory requirements “Environmental government.