Focus on real estate in Paris in 2021
At the beginning of 2021, real estate in Paris experienced a slowdown in demand and an increase in supply. The purchasers moved to the inner suburbs of Paris or to the regions. What is the current situation and what are the prospects for 2022? Will prices continue to fall and how will the supply of goods change? Focus on real estate in Paris to answer all your questions!
A slowdown in the Paris market at the beginning of 2021
Faced with the slowdown in demand in early 2021, the Stock of Parisian goods has increased. La marketing period reached 48 days compared to 30 days before the health crisis: buyers then take longer before buying since the offer of available goods is much wider. Because of the longer sales times, sellers are also more open to real estate negotiation On the downside the price of their property. However, this decrease remains relative for real estate in Paris: the decrease was 0.2% over one year for a price of €10,650/m² on average. So it's more like a Soft price landing rather than a real decline.
The impact of Covid on purchasers' criteria
Obviously, the Covid crisis has greatly impacted the expectations of buyers on The Real estate in Paris. The first cause is The expansion of remote work : buyers now want office space in their future apartment. This new criterion implies a increase in the areas sought. The second criterion requested almost continuously is the presence of a outdoor space. Thus, goods that do not meet these criteria may see their price drop while for others, buyers may pay a high price. As for whether the desertion of central Paris for the near periphery is a fundamental trend or a temporary trend, the decrease inPrice gap between Paris and its suburbs may discourage some households from leaving.
A return from buyers and demand for Parisian goods
However, since the end of summer, the Demand for real estate in Paris has started to rise again. It therefore indicates a potential restart of theParisian real estate business for the end of 2021 and 2022. With the vaccination of the population and the gradual opening of borders, there is a significant economic recovery. Buyers are again embarking on real estate projects in Paris : those who put their plans aside during the pandemic are restarting their apartment search.
What are the prospects for 2022?
There is no certainty for Real estate in Paris in the coming months. The health crisis experienced was unprecedented and everything can still change. However, some conjectures are more likely than others: even after the 2008 crisis, The Parisian real estate market did not collapse and instead stabilized. In addition, it will take a few more months for the stock of goods accumulated in 2020 to be absorbed, so prices are not going to soar right away. If you are looking for a main residence in Paris, so it is recommended not to wait! Prices may still increase during 2022 and it would be a shame not to have taken advantage of these stabilized prices to acquire with low credit rate And attractive real estate prices.
Les Prospects for the evolution of real estate in Paris are still quite uncertain, but it is very interesting to buy in the capital right now. Do you need help with your thinking? Our team of real estate hunters in Paris Tell me about Paris is at your disposal to discuss your Purchase project in Paris. Contact us to find the rare pearl!
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