25th April 2022
The continuing health crisis and more recent economic and international developments are starting to hit the housing market in France.
After a record year in 2021, French estate agents are reporting that with property buyers now confronted with surging inflation, a decline in purchasing power and a continuing shortage of properties for sale, the market is starting to cool.
In the first quarter prices continued to rise significantly - up +3.7% according to Laforêt, +6% from Orpi and +8.7% according to FNAIM, the national association of estate agents. The notaires have yet to publish their review of the market in Q1, although earlier this year they were forecasting a potential rise of up to 10% for older housing.