Summary

- From November 2020 to November 2021, 1.201 million transactions for existing buildings recorded in France, an increase of 17.5% over one year slowing down since August (stabilization to be expected around 1 to 1.1 million).
- Real estate projects supported by low credit rates (1.12% in November) and the social and economic shock absorbers put in place during the Covid-19 pandemic (but about to be eliminated).
- Prices on the rise: +5.2% over year for apartments over one year and +9% for houses. More sustained increase outside Paris’ region (+8.8%) than in the capital’s region Ile-de-France (+4%).
- The pre-contracts show a continuation of the rise in prices but at a slower pace, especially in medium-sized cities.
- New coercive measures on the conditions for granting credit since 1 January 2022 to preserve the solvency of purchasers
- Concern on the new constructions market, the low production in new units mechanically increases the prices of the old
- The impacts of the Climate Law and the new Energy Performance Diagnostics (DPE) not yet visible on housing sales in energy classes F and G.
- Non-resident foreign buyers are still less represented, but they are buying larger units (due to change of location, outside cities). The British are still the most represented (22%) but down since Brexit, soon supplemented by the Belgians (20%) and ahead of the Germans (9%).
Prices and evolution for apartments and houses in France over one year at the end of the third quarter of 2021



Evolution of transaction volumes in France
