Istat published the note on trades and mortgages from notarial sources. Let’s analyze in detail the performance of the real estate market recorded in the first quarter of 2019.
What is the trend in the real estate market in 2019
The trend of the French real estate market is positive. A general growth that is concentrated mainly in the northern regions and, to a lesser extent, in the Center.
Sales and notarial trades increase
Allowing an agreement to mean an agreement or contract contained in a deed. Istat records indicated that notarized purchase and sale agreements and other agreements relating to translation deeds for consideration for real estate units registered in the first quarter of 2019 amounted to 190,904. This value therefore corresponds at +2.0% compared to the previous quarter, net of the seasonal component.
94.3% of the agreements concluded relate to transfers of real estate for residential use (179,993), 5.4% for economic use (10,221) and 0.4% for special use and timeshare agreements (690 ).
To better understand this data, it may be useful to specify that for the real estate units to be used:
the
- dwellings and accessories correspond to cadastral categories A (except A/10) and C (excluding C/1 and C/3)
- artisanal, commercial, industrial under cadastral categories C/1, C/3 and D are associated (excluding D/10)
- special (excluding berths) corresponds to cadastral category B
- is associated with cadastral category A/10.
Read also>> Legend of cadastral categories
In particular, for the housing sector, the economic increase concerns all the geographical areas of the country:
- Centre +4,4 %
- islands +1.9%
- South +1.7%
- North-West +1.3%
- Northeast +1.2%
Growth in the economic sector concerns, on the other hand, the Center (+10.4%) and the North-East (+6.3%). In the islands, it is nothing, while there are drops in the South (-3.2%) and in the North-West (-0.9%).
Notarized mortgage agreements
Notarial agreements for mortgages, loans and other obligations real estate mortgages reached 97,412, down 0.8% from the previous quarter, but an annual growth of 3.6%.
In the short term, these agreements have been reduced in the South (-3.4%) and, to a lesser extent, in the North-West (-0.9%), in the North-East (-0.7% ) and in the islands (-0.3%). On the other hand, there are positive changes in the center (+0.6%).
On an annual basis, they are growing in the Center (+8.5%), in the North-East (+5.1%) and in the North-West (+2.6%) and are reduced in the islands (- 2.6%) and in the South (-0.5%).
In the first quarter of 2019, the index exceeded the average values of 2010 by almost 3 percentage points. On the other hand, with regard to the seasonally adjusted index of mortgages, loans and other obligations with the establishment of a real estate mortgage, negative signals were recorded throughout the country, with the exception of the Center which, in the first quarter of 2019, exceeds the average values of 2010 by 4.5. percentage points.
SOURCE: STATE
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