On the occasion of its greetings organized in Voiron, Fnaim de l’Isère took stock of the real estate market in our department.
“The deceleration is brutal. » For the new president of Fnaim de l’Isère, Stéphane Chaissé, the housing crisis is very real, derailing the entire real estate chain. Indeed, the national figures from Fnaim show “the biggest drop in the number of transactions in fifty years” : 875,000 sales of old homes in 2023, a drop of –22%. “But it’s a market that is correcting itself,” he tempers, after the peak in 2021 of more than 1.2 million transactions. There are obviously multiple explanations for this, first and foremost the rise in interest rates which caused buyers’ borrowing capacity to drop, i.e. -54,000 euros between January 2022 and November 2023. “This blocks first-time buyers who postpone their projects and remain tenants, but also investors,” explains Stéphane Chaissé. Enough to further hamper the residential journey, and therefore the market already tense due to lack of offers, also affected by inflation or the lack of tax relief schemes. And in Isère, “which does not benefit from a microclimate compared to the rest of France, we cushioned a little with a drop of 18.5%, for 17,621 sales made at the end of last October”, notes Stéphane Chaissé.
Fall in volumes and prices
In terms of prices, all French regions show declines, except the Mediterranean region and mountain resorts. “who are still close to the summits”. As of January 1, 2024, the average price in Isère stands at 2,733 euros/m2, down slightly by -0.9% over the past year, but up by 5% since 2022 and 23.8% since 2019. “Real estate therefore remains a winner over these long periods, with adjustments,” comments the president of Fnaim 38. For its part, with 2,761 euros/m2, the city of Grenoble recorded an annual drop in average prices of – 3.7%, i.e. more than Saint-Étienne (- 2.7%). and less than Lyon (-6.3%), the only large city in the region benefiting from a positive development being Aix-les-Bains, with + 2.4%.
Challenges for 2024
Regarding 2024, forecasts remain cautious, counting on a stabilization of interest rates at just over 4%, a continued decline in transaction volumes and an acceleration in the decline in prices. A situation which combines with other subjects likely to shake up the market: the energy renovation calendar “which is not sustainable”with a lack of approved companies and already visible impacts on the rental market, or even rent control, which will be deployed in 2024 for certain municipalities in the Grenoble metropolitan area.
2024-01-25 12:58:31
#complicated #real #estate #situation #Les #Posteres #Grenoble #Dauphiné
