Thursday, May 28, 2015

Property Ile-de-France: prices continue to fall – Le Parisien

Julien Duffé | May 28, 2015, 7:44 p.m. | Updated: May 28, 2015, 7:44 p.m.

According to the Chamber of Notaries of Ile Out-of-France, the real estate market remains sluggish with sales volumes in the first quarter 2015 equivalent to those of last year (30,870 sales). Falling prices almost reached 3% in Paris. Illustration. (LP / Delphine Goldsztejn.)

A sluggish market and the prices continue to fall. Here is the table of real estate in Ile-de-France has drawn up this Thursday the Chamber of Notaries of Paris-Ile-de-France.

An old apartment in Ile-de-France is currently trading at € 5,260 on average, 2.6% less that a year ago. But this figure hides huge disparities.

In Paris, differences between neighborhoods are reduced. In the capital, where an old apartment is trading at an average of 7900 m 2 , sluggish sales recorded last three years and continues to lower prices is growing at – 2.9% year on year. Even the studios are concerned since mid-2014. With the exception of IX th and XV th , all boroughs fall. XI th same goes under the symbolic threshold of € 8,000 m 2 .

Two severe corrections are noted in the chic VI th and VIII th , which respectively decreased by 7.4% and 8.9%. “We also note that the price differences between the most expensive and most affordable neighborhoods are reduced, notes Marc Friedrich, Levallois notary. The report, 2.1, is historically low. “This does not prevent stratospheric prices. T5 near Our Lady comes to sell to … € 38,000 m 2 .

suburbs, houses down. Near Paris, this is also the real estate gloom with consistent price reductions for old apartments: – 2.1% in the Hauts-de-Seine, – 1.7% in Seine-Saint-Denis and – 1 9% in the Val-de-Marne. One particularly significant decreases in Asnieres (- 4%) and Saint-Maur-des-Fosses (- 8.5%). In the latter town, the houses are traded on the other hand increased (+ 11.9%), as in Champigny-sur-Marne (+ 8.3%) or Aulnay-sous-Bois (+ 10.7%) . However big tumble in house prices in Montreuil (- 15.9%), Fontenay-sous-Bois (- 16.1%) and Rueil-Malmaison (- 12.9%)

<. b> large crown, the market stagnated except 77. flat EEG in the outer suburbs with the exception of the Seine-et-Marne whose sales growth (+ 9%) is explained by its demographic dynamism. The number of transactions fall however 3% in the Yvelines where the square meter remained high at € 3,640. Side price of old apartments, the decline is accentuated for to average 3% in the four departments. Local markets are still disparate. We can thus see large declines in Chelles (- 13.3%), Corbeil-Essonnes (- 16.2%) or Argenteuil (- 16.5%) and significant increases in Chatou (14.5%), Villeparisis ( 4.1%) or Sainte-Geneviève-des-Bois (3.6%). Home prices will erode only slightly.

Soon recovery? This is what appears to contemplate the Chamber of Notaries. “Interest rates seem to go up, says Thierry Delesalle, notary in Paris. I think there will be reactions of clients waiting and will say: this is the time . This influx of buyers on a very small market, this necessarily will affect prices. “


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