Real estate: Parisian prices down 10% in three years – BBC

At the end of March, the average price per square meter in the old down to 7795 euros. The most expensive districts are also those whose prices fall the most.

The Parisian prices continue to fall. This is the trend that emerges of the new real estate barometer MeilleursAgents.com for the month of March. On the market of the former, prices still fell by 0.4%. Since the beginning of the year, the figure is down 0.9% so … and to 9.7% from the highest of the market, which was reached in June 2011, there has almost three years!

Of course, the trend varies by property and their respective surface. According MeilleursAgents, these are small areas – parts 1 and 2 – which still suffer from the lack of investors and see their prices fall by 0.5% in March. If according notaries numbers on a year (between January 2014 and January 2015), small surfaces cheapest part of the property that resisted the most, are small apartments as a whole, which suffered the most in the month of March. “The market is still suffering from the lack of investors who have turned away small areas of uncertainty for reasons that we know (rent control, tax treatment of capital gains …),” said Sebastien de Lafond, President MeilleursAgents.com.

These are the large-area apartments (from 100 square meters), which recorded a below average decline: a decline of 0.3% in March. Why? Because the demand is stronger. “The families seeking accommodation and moved before the summer and enroll their children to school before school starts enable price supermarkets (3 rooms or more) to resist a little better to erosion. This seasonal demand subsides after the spring, “says Sébastien Lafond.

The market is significant overall decrease in the districts of central Paris, who are also the most expensive: 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, and 16th arrondissement. This is the side of the most popular districts such as 9th or 10th the situation changes. The prices are lower, and demand is stronger. Result: they suffer a little less than the price decline. “They also offer the best long-term upward prospects,” according MeilleursAgents. “The trend will remain permanently in a progressive decline in prices, before a possible improvement that we did not see coming until next year or in 2017,” concludes Sébastien Lafond.