Since January 2022, real estate prices have fallen by 0.7% in Paris. Illustrative photo. (Sadnos/Pixabay)
According to the company Ever Invest, there was 28% more real estate for sale in Paris at the start of summer 2022, compared to last year. This increase, which would be explained by the fight against thermal strainers, would offer a greater margin of negotiation for buyers.
According to figures from rental investment company Ever Invest, there was 28% more property up for sale in Paris at the start of summer 2022, compared to the same period last year, reports BFM Immo , Friday, September 16. For Maxime Guérin, CEO of Ever Invest, this sharp increase is explained by a downward trend in real estate prices in the capital.
The consequences of the Climate law
Indeed, since January 2022, real estate prices have fallen by 0.7% in Paris, again according to Ever Invest. An estimate that corresponds to that of the MeilleursAgents platform, which indicates a price drop of 1.2% between September 2021 and September 2022. Among the explanations offered, Maxime Guérin highlighted “the case of thermal colanders” .
With the Climate Resilience law promulgated on August 22, 2021, a series of measures against these “thermal strainers” were indeed taken. From January 2023, accommodation rated lower than G will, for example, be prohibited from being rented. Next will come, in 2025, dwellings rated G, in 2028 those rated F and in 2034 those rated E. However, according to INSEE, 495,000 dwellings in the private Parisian stock are labeled E, F or G. As many dwellings likely to be discounted and gradually put up for sale.
A potential margin of negotiation
This change in economic conditions now gives buyers more leeway, some of whom will also have to carry out work to rent. “While it was almost compulsory to make an offer at the price for small studio or T2-type properties for a few years, it is now possible to offer a price a little below that requested in the advertisements” noted Ever Invest.
However, sellers have already increased property prices in Paris by 6.9% since the start of the summer compared to the summer of 2021. This increase would thus be “certainly planned to anticipate negotiations with buyers” .