While prices change very little in Paris, notaries are forecasting price increases that are still accelerating in the other Ile-de-France departments. And more particularly in the Great Crown.
The appetite of buyers for housing in Ile-de-France is not drying up. While property prices remain relatively stable this summer in Paris, in the inner and outer suburbs, the market continues to get carried away. Prices are even soaring faster than in the spring in places, according to estimates communicated by Parisian notaries in their latest monthly barometer. "After a slight slowdown in recent months, price increases could again accelerate, according to leading indicators on pre-contracts", communicate the Notaries of Greater Paris.
In detail, in the inner suburbs (Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne), notaries anticipate annual price increases (over twelve rolling months) which should reach 5.7% for apartments in September. Homes, they are expected to register price increases of 5.4%. In Grande Couronne (Seine-et-Marne Yvelines, Essonne and Val-d'Oise), the increases should be even faster. Prices would thus rise by 6.5% for apartments and 7.7% for houses, estimate the notaries. “This market seems to be driven by the current economic situation and the demand expressed by residents of Ile-de-France for more space,” they decipher. The development of teleworking, prices more attractive than in Paris and city dwellers' desire for greenery are working in favor of salespeople in these areas.
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Very rapid increases in Val-d'Oise and Seine-et-Marne
To go into the details of the markets, the notaries compared the price trends of houses and apartments in each department. This is how in the inner suburbs, they are finding that price increases are accelerating for apartments in all departments, and for houses in Seine-Saint-Denis. Small methodological precision: the notaries calculated here quarterly price averages. First, they compared the average prices over the period March 2021- May 2021 with the period March 2020-March 2021. Then, secondly, they compared the period July 2021-September 2021 with the period July 2020- September 2020.
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