In some cities, the number of m² that we can afford – for the same price – is in free fall compared to the past two years. The point with SeLoger.
Immediately speaking, we can say that theory is opposed to practice. While a majority of French people dream of more space, in fact, their purchasing power is most often declining. Clearly, in some cities, the number of m² that we can afford – for the same price – is in free fall compared to the past two years.
»The SeLoger-Empruntis study shows that in 2021 for a budget of 265,000 €, ie the average budget of a property in the old in France, buyers lose 25 m² in cities like Angers or Nancy compared to their purchasing power in 2019. This is a substantial surface area that is being cut at a time when the famous extra room for teleworking has become an essential criterion in the choice of accommodation ”, emphasizes Séverine Amate, -speak at Housing.
In Le Mans, the studios have lost 4 m² since 2020
The sharp rise in housing prices in France is not without eroding the real estate purchasing power of French households. Concretely, for the same amount borrowed, the surface area to which you are entitled tends to decline sharply, with regard to the number of m² that you could have afforded yourself in 2020. According to the data collected via the study “All-inclusive real estate” carried out by SeLoger in collaboration with Empruntis, it is the real estate purchasing power of the buyers of a studio in Le Mans which has recorded the largest decrease. Between today and 2020, for the same price, namely € 55,664, a studio in Manceau will see its surface area reduced by 17%, from 28 to… 24 m²!
Le Havre and Orléans at the 2e and 3e places
The second place in the ranking of cities whose inhabitants suffer from the greatest drop in their real estate purchasing power is occupied by Le Havre (- 14%). Judge for yourself, while in 2020, spending € 72,734 made it possible to become the owner of a 26 m² studio, the same amount only gives you the right to 23 m².
Finally, it is Orléans which climbs to the third step of our podium with an area down by 11%, going – for a studio priced at 84,650 € – from 26 to 24 m². It is also interesting to note that real estate purchasing power also fell by 11% in Rennes, with the difference that only T5s were affected. For € 412,176, we could buy 127 m² in 2020 against only 115 m² a year later.
Follow (in 4e position) Montpellier where the surface area of T5 – for the same price, namely 405,152 €, has lost 9% since 2020, going from 136 to 123 m² and – tied for 5th place – Annecy, Mulhouse and Toulouse, three cities where, at constant price, the surface area of a T5 is reduced by 8% compared to last year.
Cities where the purchasable area has fallen the most since 2020
- Le Mans: – 17% on the surface area of the studios
- Le Havre: – 14% on studios
- Orleans: – 11% on studios
- Montpellier: – 9% on T5
- Annecy: – 8% on T5
In Annecy, the surface area of T5 drops (- 18%) compared to 2019
The list of cities in France where the loss of real estate purchasing power is the most important continues except that, this time, it is no longer the year 2020 that we have compared our data but to the year 2019. At constant purchase price, it is the one nicknamed the Venice of the Alps which wins the gold medal. And for good reason, while € 509,053 was enough to acquire a T5 of 135 m² in 2019, the same amount no longer gives entitlement, in 2021, to only 115 m². It is Montpellier that we find in second position with a loss of real estate purchasing power of 14% since 2019. In the Surdouée, a T5 of 405,152 € only displays an area of 123 m² against 140 m² in 2019.
The bronze medal goes to Orléans, a city where the drop in real estate purchasing power has reached 13% for buyers of a studio. Paying € 84,650 in 2021 only entitles you to 24 square meters while, for the same amount, a one-room apartment in Orleans had 27 m². The classification continues with – in 4e position – Le Mans (for the studios) but also Lyon, Nantes and Strasbourg (for the 75) are characterized by a 12% loss in surface area. Finally, 5th place in the ranking welcomes Mulhouse (for T1) and Rennes (for T5). The loss of purchasing power is around 10%.
The 5 cities where the purchasable area has been reduced the most since 2019
- Annecy: – 18% on the surface of T5
- Montpellier: – 14% on T5
- Orleans: – 13% on studios
- Le Mans: – 12% on studios
- Mulhouse: – 10% on studios
Buyable area for € 265,000: 25 m² lost in Angers in 3 years!
The survey compared the area to which 265,000 € gives entitlement, i.e. the average price of old housing in France, in 2021 with that which could be acquired – for the same sum – in 2019. And the less than the we can say is that the results of this confrontation are edifying! Judge rather, in Angers and Nancy, the purchasable surface – for 265,000 € – shows a three-year decline of 25 m². In Metz and Montreuil, the shortfall reached 22 m². Finally, 21 m², 20 m² and 19 m² respectively have evaporated in nature in Dijon, Annecy and Nîmes.
Cities where the purchasable area has increased the most since 2019
- Clermont-Ferrand: + 19% on the surface area of the studios, i.e. 5 m² of savings
- Montreuil: + 18% on studios, i.e. 5 m² of savings
- Saint-Denis: + 10% on T5, i.e. 12 m² of savings
- Saint-Denis: + 9% on studios, i.e. 2 m² of savings
- Argenteuil: + 9% on studios, i.e. 2 m² of savings
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