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World More purchases, rising prices ... 2021, a record year for ancient real estate

20:38  03 january  2022
20:38  03 january  2022 Source:   20minutes.fr

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"Prices have increased everywhere in France", according to the network of real estate agencies CENTURY 21 which points out a risk: that this rise "Starts to disfaval the lowest income households and the youngest categories"

Le marché immobilier ancien en France a connu une année 2021 exceptionnelle. © Eric Piermont / AFP The ancient real estate market in France has seen an exceptional year 2021. Real Estate - "Prices have increased everywhere in France", according to the Century 21 real estate agency network, which is a risk: that this increase "begins to disfaval the lowest income households and the youngest categories"

Plus of purchases, rising prices ... 2021 was a "record" for former real estate in France but it may "eliminate the most modest people" on the market, according to the network of Real estate agencies CENTURY 21 .

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The price per square meter continued to climb: in the third quarter, it reached the national level 2.355 euros for the houses and 3,878 euros for the apartments, according to INSEE and the notaries. An increase of 7.4% for houses, and 5.3% for apartments.

prices that "increased everywhere in France"

while usually certain regions are behind, in 2021 "prices have increased everywhere in France," observed Laurent Vimont, President of Century 21, on the occasion of a press conference.

The rise is particularly strong in New Aquitaine for houses (+ 13.2%) and in Brittany for apartments (+ 21.4%).

The price increase can be explained by the voltage on the market. After falling by 4% in 2020 as a result of the pandemic, the number of transactions quickly resumed, thanks to low borrowing rates.

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Some French have taken advantage of it to buy bigger after the confines, while investors have preferred to invest in the stone, considered a safe placement in full health uncertainty.

According to notaries, the number of purchases of apartments and houses in 2021 should regain its record 2019 level, about 1.7 million. But the number of old housing remains limited on the market.

An increase in prices that begins to dust the most fragile households

The problem of this price increase According to Century 21, it is that it "begins to disfaval the lowest income households and the youngest categories» .

The network of agencies thus observes a decline in these categories in purchases, particularly in Île-de-France. Young people or households to smallest income "have no choice but to reduce areas or buy further" big cities, assured Laurent Vimont.

logically, the personal contribution necessary to acquire a well increased: according to Century 21, it stood in the second half of 2021 to 32,153 euros on average for an average credit of 247,499 euros.

Real Estate Prices: Most Fragile Household Bomb Train Station

 Real Estate Prices: Most Fragile Household Bomb Train Station © Flashpop / Getty Images Real Estate Prices: Bomb Train Station for Most Fragile Households Prices and the number of transactions has reached Records in 2021 ... However, the CENTURY 21 network warns of a "elimination" risk of the most modest households in the real estate market. More purchases, rising prices ... 2021 was a "record" for ancient real estate in France but it may "eliminate the most modest" market, according to the network of agencies CENTURY 21.

In this context, "any increase in borrowing rates will frighten the share of solvent households," he added.

investors who could turn away from the market?

He also alerted the risk of seeing investors turning away from the prohibition from 2025 of to rent the housing considered as "thermal coquers", very energivorous. The share of acquisitions intended for rental investment was in 2021 at the highest for the fourth year in a row, at 30.2%, up 2.7% compared to 2020.

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commercial real estate: Office market in Cologne Records .
achieves not only on the housing market, but also in commercial real estate new peak values ​​are achieved in Cologne. Last year, this segment achieved a record with transactions of around 3.8 billion euros. The previous record in sales was achieved in 2019 with 3.1 billion euros, writing the real estate experts from Greif & Continen in their market report.

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