UPDATED END OF OCTOBER 2023: The average real estate price in Paris has clearly fallen below the symbolic bar of €10,000 per m². Prices fell by 0.4% in September 2023 over one month, reaching €9,850 per square meter on average. A national forecast anticipates a drop of 4% to 5% in prices over the next 12 months on average, as well as a drop in transaction volume of 10 to 20%. Buyers are increasingly rare and the volume of transactions continues to decline (1.2 million in 2021 compared to less than 1 million forecast for 2023), a drop of around 20% at the national level. In Paris, we expect approximately a 20 to 30% drop in the volume of transactions according to notaries and the FNAIM.