Real estate: the price of apartments has more than doubled in France since 2000


(PIXABAY / moerschy)

Real estate prices rose by 125% on the apartment side and by 65% ​​on the house side between 2000 and 2018, according to a Century 21 report. To obtain an apartment, you have to pay an average of around 90,000 euros extra to the surface. equal. In 2018, the average price per square meter approached the 2011 record in France, but the increase should slow down in 2019.

The real estate market is doing well. The average price per square meter of housing has increased by 1.7% between 2017 and 2018 and reached 2,595 euros. We are nearing the record of 2011 and its 2,665 euros per square meter, reports Lavieimmo.

When we look at prices since 2000, the rise is even dizzying. They grew by almost 125% in 18 years for apartments and about 65% for homes, according to a report published by the Century 21 network.

Property prices up sharply

In 2000, to buy an apartment in France, you had to pay an average of 1,569 euros / m² and a little less for a house (1,266 euros). In 2018, you have to pay 3 530 euros / m² for an apartment and 2 085 euros / m² for a house.

At the same time, inflation was "only" 34%. In absolute value, an apartment was trading at 140,469 euros in 2000 against 229,489 euros currently. That's almost 90,000 euros more for the same area.

Falling prices in some regions

"The 2018 real estate market is exceptional in its vitality and the amount of money allocated to acquire housing", says the Century 21 network. However, the real estate network believes that prices have reached their " glass ceiling ".

One sign does not deceive: the lengthening of the time of sale. In 2004, it took 64 days on average to sell his property, compared to 91 days today. In 2018, this is also the first time since 2011 that buyers had less surface available, with a decline of 0.5 m² compared to 2017.

For the year 2019, the rise in prices should slow down, between 1 and 2% maximum according to Laurent Vimont, president of Century 21.