Impossible to stop the real estate buyers who multiplied the number of transactions during the first year of the health crisis. Over a million transactions have been recorded, despite lockdowns and travel restrictions!
This is unheard of in a sector that has not experienced the crisis, despite the many difficulties suffered since March 2020 and the start of the pandemic in France. The balance sheet of the Chambre des notaires du Grand Paris for the first quarter of 2021 shows a historic volume of 1.08 million transactions over the rolling twelve months throughout France – or in the midst of the health crisis. At the end of 2019, this volume was 1.07 million. It is the combination of the search for larger spaces, ever greater savings and very low interest rates that explains the appetite of the French for stone.
Rising property prices in Paris
It is in the provinces that the transactions are the most numerous, 920,000 in all over the period, that is to say 27% more than in 2017. In Île-de-France, the volume was 160,000 transactions, which did not nothing exceptional explain the professionals since it is a decrease of 8% compared to the previous year. The average price per square meter stands at 10,640 euros in Paris, a figure up 1.7%. This is not the downfall dreaded by many homeowners.
Dynamic sales of homes in the inner suburbs
Sales of apartments in the inner suburbs increased by 6% in one year, and by 14% in Seine-Saint-Denis. The need for larger housing weighed heavily in this large annual increase, pushing up apartment prices by 5.8%. In the outer suburbs, the notable fact is the dynamism of house transactions, the prices of which increased by 6.9% on average. Again, this is unheard of for a first trimester.