By Thomas martin
Published on 25 Feb 21 at 11:26
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If the real estate prices were still up sharply in Île-de-France in the 4th quarter of 2020 with an increase in one year of 6.1% for apartments and 7% for houses, Paris stands out with slightly lower price at the end of the year. Will this decline in the capital continue in 2021?
10,600 euros per m²
With only 30,610 sales of apartments in the capital in one year, transaction volumes fell 16% in 2020 compared to 2019.
In Paris, prices took a break from the 3rd to the 4th quarter of 2020, dropping from 10,790 euros per m² to 10,770 euros. While they were still increasing by 8% per year in the 1st quarter of 2020, by 7.8% in the 2nd quarter and then by 7% in the 3rd quarter, they were no longer in annual increase “only” of 5.4% in the 4th quarter 2020, recall the notaries of Greater Paris.
–According to them, the slightly bearish movement would continue in early 2021 to reach a price per m² of 10,600 euros in April 2021, down 0.4% in 3 months. It would thus be almost identical (+ 0.8%) to the value of April 2020 (10,520 euros per m²). The annual price increase in the capital could be less than 1%, which has not happened since 2015.
At the same time, the notaries predict a price increase of 4.2% in one year for apartments in the inner suburbs and 2.5% in the inner suburbs. And for houses, 5.2% in the inner suburbs and 5.6% in the inner suburbs.
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