For the eighth time, the company Galivel & Associates has taken the initiative to create an observatory for actual property observatories. For this, it has gathered the figures printed by the Fnaim, LPI–Housing, MeilleursAgents.com, company networks ERA Real Estate, Century 21, Orpi and The forest. Variety of gross sales, nationwide costs, worth developments per m2, are all data gathered and analyzed to ascertain this observatory permitting the monitoring of French actual property markets. This evaluation of the yr 2019, permits to see the evolution of the true property market and attracts the traits of the long run market.
Admittedly, at first studying, the common publication of those fragmented surveys may give a disparate impression. And for good purpose: every time they’re based mostly on completely different items! However, their synthesis is fascinating, as a result of it reveals a pattern. The ensuing pretty intently displays actuality. However it’s nonetheless essential to be compelled to gather the dispersed knowledge.
In all, we are able to observe a rise within the promoting worth per m2 between +1.5% and four.7%. For many organizations that talk on this subject, the typical worth per m2 in 2019 in France hovers round 2,600 € / m2. This rise in costs per m2 had an impression on the typical quantity of transactions, with for instance a 2.eight% enhance in France within the common quantity of transactions for the ERA Immobilier community (€ 222,068 in 2019 in comparison with € 216,779 in 2018).
For Cafpi, market chief in credit score brokers in France, the more and more low credit score charges all year long, related to longer mortgage phrases, have enabled the vast majority of French households to entry the property. Nevertheless, in response to Fnaim, not all cities have taken benefit of those advantageous charges in the identical manner. Whereas in Bordeaux, Lille or Marseille, buying energy improved between 2018 and 2019 (+zero.three m respectively2 ; +zero.6 m2 and +zero.6 m2), in Paris, Lyon or Nantes, the buyable space decreased (-2.1 m respectively2 ; -2.1 m2 and -2.9 m2).
As Fnaim and Century 21 reveal of their research, the rise in costs per m2 is completely different relying on the kind of property. On the nationwide degree, if for the acquisition of a home, costs per m2 have elevated by + 2.1% to achieve € 2,222 / m2 for Fnaim and +1% to achieve € 2,106 / m2 for Century 21, the residences noticed their worth per m2 enhance by + three.9% to achieve € three,650 / m2 (+ three.1% to achieve € three,639 / m2 for Century 21).
Actual property company networks agree on the rise in gross sales quantity within the present fleet in France in 2019 of between eight.1% and 13%. After two distinctive years for the true property market, 2019 could have accomplished even higher! The million mark of transactions has been exceeded and Fnaim estimates that the variety of gross sales within the former at 1,075,000 (in comparison with 694,000 in 2015), or in 5 years + 55% by way of annual transaction quantity.
For the ERA Immobilier community, whereas the market was anticipated to stabilize in 2018 and 2017, 2019 was distinctive regardless of the continual rise in costs, largely offset by favorable borrowing circumstances.
Costs per m2 in Paris proceed their development, with a rise of between 5.7% and eight% relying on the organizations, to achieve a mean worth per m2 between 10,006 € / m2 and € 10,403 / m2. For its half, Century 21 additionally noticed a rise of 5.eight% within the common quantity of transactions in Paris between 2018 and 2019, reaching a mean transaction worth of € 487,749.
For 2020, the query arises regarding the threat of an imbalance between provide and demand, with demand nonetheless sturdy and the chance of provide drying up. There may be certainly a threat of a scarcity of products in dynamic cities, the place it turns into difficult to purchase, explains Fnaim. As a direct end result, workers and employees should head to the Parisian suburbs and transfer away from the capital. With the conclusion of Brexit scheduled for January 31, costs within the capital ought to once more observe a pointy enhance, with the return of many French folks residing in London, boosting the worth of products from Paris.
In 2019, the extraordinarily low charges and the lengthening of phrases allowed the vast majority of patrons to pursue their actual property initiatives. As evidenced by the brief gross sales occasions, whether or not in France (for ERA Immobilier on common gross sales occasions have been 89 days in 2019 in opposition to 90 days in 2018), and much more in Paris the place items promote in a short time (61 days on common for Century 21).
Whereas the true property market has been rising steadily since 2014, the shortage of products, particularly in giant cities, results in an imbalance between provide and demand and a pointy rise in costs. As well as, the suggestions of the Excessive Council for Monetary Stability ought to gradual the variety of transactions in 2020, with borrowing circumstances providing much less freedom.
On this context, the chance of making an exclusion market, by which solely the wealthiest households will have the ability to purchase, and all of the extra so in giant cities, is to be thought-about. Rates of interest, family confidence, the revival of housing development, in addition to political selections to chop or keep housing assist, tax exempt or not, able to damaging the dynamism of the market or quite the opposite keep are the principle standards to be noticed for 2020.