The increase in prices of old real estate has slowed down in the second quarter of 2022, with an increase of 6.8% over one year (against +7.3% in the first quarter and +7.1% in the fourth quarter of last year), according to the index Notaires-Insee. House prices have risen by 8.4% in one year, significantly faster than those of apartments, which have risen by 4.5%, a trend that has been in place since the beginning of the health crisis.
They also progress more as one moves away from Paris: of 2,2% for the Île-de-France against 8,6% in the rest of the metropolis. The prices of the apartments are always with the fall in the capital (-0,8%). "The figures are still in the black," commented Thierry Delesalle, president of the statistics commission of the Notaries of Greater Paris. "Several exceptional quarters should be followed by quarters that may not be exceptional but are still dynamic."
The notaries' index, based on final sales, traditionally lags market trends by a few months. The effects of soaring energy prices, galloping inflation and restricted access to credit are therefore not fully reflected.
The Notaires du Grand Paris emphasize that "the blockages are due more to the difficulties of access to credit (blockage linked to the usury rate and more restrictive behavior of the banks) than to the rise in real estate loan rates".
