New notaire data suggests easing of paris property crisis

PROPERTY EXPERTS HAVE TALKED OF ‘EASING PRESSURE’ AND ‘BREATHING SPACE’ AFTER A FOUR-YEAR SLUMP The property market in Paris is set to pick up over the next few months, the Notaires de Grand

Paris group has predicted, after a slump that has lasted since mid-to-late-2020. The average price of property in the capital is set to rise by 2.1% in the year to May 2025, the association

stated in a press release issued on March 27. This is slightly higher than previously predicted. Overall, the group said that “price pressure is easing” in the capital. “The market has

regained some breathing space thanks to the improvement in household solvency,” said Elodie Frémont, notaire and spokesperson for the Chambre des Notaires du Grand Paris, to financial expert

magazine Le Revenu.  Read more: Explainer: Role of notaire in France Read also: Is French property slump ending?: Key points in latest notaire review  FOUR-YEAR SLUMP ‘REVERSING’ After

reaching a peak of almost €11,000 per square metre in the summer of 2020, prices of apartments in Paris fell to an average of €9,480 per square metre in January 2025, a decline of 1.9% over

the past year. Read more: Map: See where property prices have dropped the most in Paris (2024) The price of properties in shared buildings (such as flats) also fell in Ile-de-France by 2% in

2024, to €6,090 per square metre. Individual houses in the Paris region dropped by 3.3% to an average of €325,900. Yet, the predictions by the Notaires du Grand Paris state that “in the

coming months and according to our pre-contracts, the trend will reverse with an almost generalised upward trend in prices in one year”. This means that by May 2025, the average price per

square metre in the capital is expected to reach €9,630, an increase of 2.1% compared to May 2024. “It's been four years since we've seen an annual increase in prices in Paris,”

the report states. “There is renewed appetite among buyers,” said Pierre Sambron, consultant at Paris Ouest Sotheby's International Realty, to Le Figaro Immobilier. “There are more of

them and we have more mandates going at the ‘right’ price.” In some resilient and still-favoured areas of the capital, you will still need to pay around €2 - €3 million for a four-bedroom,

good-condition apartment with a terrace, states Sandra Sabah, sales team director at estate agency Engel & Völkers in the city. “The closer you get to the woods, the higher the prices,”

she told Le Figaro. “In the Saint-James district, you can go up to €25,000 per square metre.  “On Boulevard Jean-Mermoz, you will pay more, between €11,000 and €13,000 per square metre,

while on Avenue Charles-de-Gaulle, properties are priced at around €10,000 per square metre.” Read also: Property prices rising in France but buyers still negotiating  ILE-DE-FRANCE PRICES

TO RISE TOO The overall rise will affect the entire Ile-de-France region, the notaires’ group states.  Prices are set to rise by 1.6% for flats, to €6,180 per square metre, and by 1.8% for

older houses, to an average of €333,100 by May 2025. Price increases are happening even though sales volumes remain low, the notaires state. Property transactions declined by 7% in Paris

between November 2024 and January 2025, and by 4% over the same period for houses in the Ile-de-France region, they state. The only exception to this drop in transactions was the ‘Grande

Couronne’ area (Greater Paris, with the departments Seine-et-Marne, Yvelines, Essonne, and Val-d’Oise). This is because this area is “a very tense market”, and the number of house

transactions increased by 2% over three months in January 2025, the notaires said.  For example, in Yvelines, the Notaires du Grand Paris predict an average selling price of €409,300 for

individual properties by May 2025, a rise of 3.5% from the year before. Similarly, in Essonne, apartments are set to hit a high price per square metre of €2,840, up 2.7% from last year.

Property experts have also said that the fall in key interest rates, initiated by the European Central Bank (ECB) in June 2024, and easing mortgage lending requirements, have also helped the

non-new-build housing market to improve.