Money Immobilier: prices soar in most major cities

18:30  30 june  2020
18:30  30 june  2020 Source:   pressfrom.com

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We do not yet know all the effects of confinement on property prices. But one thing is certain: over a year, most of the major regional capitals experienced a sharp increase in their prices. According to the National Real Estate Federation (Fnaim), out of the ten largest cities in the country (excluding Paris), the surge reached 4.4% on average. Among the cities with the highest inflation: Rennes, whose price per square meter has increased on average by 6.5% in twelve months; Paris (+ 6.4%), and especially Toulouse, which recorded an 8.4% increase over one year!

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“Most of the professionals we interviewed expect price stability over the next six months,” reports Jean-Marc Torrollion, president of Fnaim. In short: despite the containment, the drop in prices that some buyers could have hoped for has not yet been observed in the big cities. In contrast, in rural areas prices fell on average 0.7% year on year.

Some notable exceptions

However, not all cities are housed in the same boat. In Rouen, for example, Fnaim recorded sales prices down 0.4% on average over these twelve months. The same observation of decline is also established in Caen (-0.1% over twelve months), or in Le Mans (-2.3%). The rise in prices was also contained in Mulhouse (+ 0.4% on average over a year), Grenoble (+ 0.5%) and Montpellier (+ 1.3%).

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