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US News Immobilier: in several towns already, sellers are releasing ballast

20:25  23 november  2020
20:25  23 november  2020 Source:   pressfrom.com

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Immobilier : dans plusieurs villes déjà, les vendeurs lâchent du lest © Walter Bibikow - Getty Images Immobilier: in several towns already, sellers are releasing ballast In Perpignan or Nîmes, the sale prices have been revised to the decrease compared to the beginning of the year. Sellers are therefore lowering their requirements, according to SeLoger.

Is there a Covid effect on the selling prices of goods? Yes, but in a localized way, notes the October LPI-SeLoger Barometer. The study shows that since February 2020, only 10 out of 40 cities have posted declining sales prices per square meter. And in 4 of them, the fall was greater than 1% as of October: Nancy (-6.9%), Perpignan (-5.6%) Nîmes (-4.9%) and Amiens (-1.6%) form the quartet of cities that suffered the most from the blockage of the real estate production chain during the spring. It is therefore logical that in these municipalities, the selling price of property plummets. On SeLoger, four cities - Perpignan, Nîmes, Montreuil and Annecy - are seeing auction prices drop by at least 10%, proof that sellers believe they are no longer in a strong position in the market.

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In reaction, some sellers therefore feel that the current period is no longer a good time to sell. SeLoger thus notes a considerable decrease in the volume of advertisements in certain municipalities: -37% in Nancy, -19% in Perpignan and -43% in Nîmes. “26 out of 40 cities analyzed have recorded a drop in supply over the last 10 months, while only 10 out of 40 cities show a drop in prices,” analyzes the advertisement site. These are all indications that sellers are anticipating a future drop in prices.

Acquirers are also tightening their belts in some cases. Also, the average research budgets in Mulhouse, epicenter of the Covid during the first wave, have decreased by -5.5% (to 180,000 euros) since February 2020. Similar phenomenon in Besançon (-5.1% to 194,000 euros) , Orleans (-3.7% to 231,000 euros) and Caen (-3.6%, 229,000 euros). And in the rest of the municipalities, the horizon is not so clear: "Our study carried out in September with Opinionway, shows that 55% of future buyers think that their purchasing power will remain stationary in the next 6 months" specifies SeLoger .

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