Real Estate Market: RECORD RECORD OF TRANSACTIONS AND PRICES IN 2021

In a changing market, the low borrowing rate no longer compensate for the price increases.

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“For the moment, the activity is very supported and, in 2021, the real estate market has chained the records”, observes, in its marketing note of January 3, Laurent Vimont, President of the CENTURY 21 network, whose 925 Agencies carried out 50,000 transactions over the year. Record, indeed, of the number of sales, which is close to 1.2 million and is comparable to that of 2019, after an atypical year 2020 since penalized by eight weeks of confinement. And never sales have been concluded as quickly, within 80 days of 2021, compared with 91 days only one year ago.

Record also of their average amount which, for the seventh consecutive year, increased by 7.7% for the houses, at 267,524 euros, and 5.6% for the apartments, at 227 897 euros. Record also debt, since households have continued to lengthen the duration of their credits, now at twenty-one years and nine months and, encouraged by historically low levels, on average 1.13%. The volume of credits increases by 16.7%, according to the Bank of France, and reached, on twelve months, from November 2020 to October 2021 (not counted the reputation of loans), 225.2 billion euros, against 193 billion euros in 2020 and 2019.

Record finally purchases by investors who, according to Century 21, are present in 30.2% of transactions, compared with 17.4% in 2014. Everywhere in France, prices are on the rise, with even pushes to Two figures on the shoreline: In Brittany, the houses earn 12.5%, apartments 21.4%; in Normandy, respectively 11.9% and 12.3%; in Pays de la Loire, 7.6% and 13.9%; In New Aquitaine, they and they blaze 13.2% and 13.8%; In Occitania and Provence-Alpes-Côte d’Azur, progressions remain below 10%, but never less than 6%. In Ile-de-France, it is in the great crown that the increases impress the most.

Exterior space required

“The houses of the Yvelines enjoyed 12% in one year, never seen from the memory of real estate agent, comments M. Vimont. In Essonne, it is rather the prices of apartments rising from 12.2 %, and 9.9% in Seine-et-Marne. “Only decline island, Paris has seen its tariffs declining 2.2%, to an average of 10,367 euros per square meter, mainly in the last quarter. However, in 2021, the purchasers disbursed an average of 511 700 euros for an apartment of 49.3 m 2 losses 3.7 m 2 in one year, in a However, dynamic, where sales deadlines, here, lengthen slightly, to 72 days on average, compared to 62 days in 2020.

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/Media reports.