For nearly a year, real estate prices in the French capital have moved away from those of other major cities in France. While they increased by more than 6% in Marseille, for example, prices fell by 2% in Paris over the same period. The average price per square meter in Paris even approached the symbolic bar of €10,000 in May 2022.

With the exception of Hauts-de-Seine (92), where the development of the real estate market has seen a drop of 1.4% over one year, the other regions of Île-de-France are experiencing a certain dynamism. Val-d’Oise (95) recorded the highest price increase with an increase of 6.3%, followed by Seine-et-Marne (77) +4.9%, Essonne (91) + 3.8% and Seine-Saint-Denis (93) +2.7%.

Despite demand generally outstripping supply and prices falling in some popular cities, credit activity has slowed since the start of 2022.

The conflict in Ukraine has led to many uncertainties in the economy and has had a strong impact on the price of energy and agricultural raw materials, pushing inflation to new records. The tensions on the bond market and the prospect of a rise in key rates by central banks also supported the rise in borrowing rates, thus slowing down some households in carrying out their property purchases.