Real Estate Market Stable Amid COVID-19 Crisis
The real estate market has shown resilience during the first weeks of confinement in France, with no noticeable decrease in property prices, according to the latest LPI-SeLoger barometer.
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Housing Market Stays Strong
Steady Prices Across Regions
Despite the pandemic, housing prices have held steady across various regions in France. The average price for a 60m² apartment in major cities remains stable, with a minor increase in certain areas.
Urban Areas
- Paris: €10,190/m²
- Lyon: €4,000/m²
- Marseille: €2,930/m²
- Lille: €3,380/m²
- Bordeaux: €3,960/m²
Suburban and Rural Areas
- Lower prices compared to urban areas
- Increased interest in larger homes and gardens
Factors Influencing Stability
- Low-interest rates: Encouraging buyers to invest in real estate
- Limited housing supply: Demand continues to outpace the number of available properties
- Government measures: Supporting the economy and the housing market
Future Outlook
Although the situation remains uncertain, experts predict the housing market to stay relatively stable in the short term. However, long-term effects might vary depending on the evolution of the health crisis and its impact on the economy.
Source: LPI-SeLoger Barometer, April 2020
