At least, buying an apartment, we are sure that something will remain. "That is what many investors believe real estate. Yet, they buy today at record prices. In less than ten years between 2002 and 2010, housing prices have doubled in France. The latest figures notaries are staggering. The price increase reaches 20% in one year in the capital, where the average square meter is now worth € 7500. Figures obtained for the first time in light of promises and sales agreement signed in September, October and November. And not, as before, final sales, which can reflect the market almost in real time. Based on preliminary contracts in October and November, which will make sales for January and February, notaries expect the same in 8000 € per square meter at the beginning of the year.
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These figures make us shudder more than one buyer. But not all, though. "For some investors, the price is not the determining factor. They want a good view, a pied-à-terre that corresponds to their dreams and are willing to pay hundreds of thousands of dollars more to get it, "observes St. Vincent Thibault, president of Barnes Real Estate . The presence of foreigners in the city museum adds to pressure on part of the Parisian market. "Of the luxury items from EUR 4 million, it is foreigners who make the market," said Charles-Marie Jottras, President Féau, like his colleagues who regretted not having more goods to sell.For buyers, they are there.
Foreigners under the spell of the "city of love"
"Paris is still cheaper than London and at about the same price as New York," said Nathalie Garcin, Group President Emile Garcin, describing a world apart in which pied-à-terre can sometimes rhyme with 200 m2. Property Market about to turn except a little in isolation. "Their value is not correlated to prices recorded in the district where they are. These apartments are selling unique and incomparable to the average prices of more than 20,000 € per square meter, "says Thibault de Saint Vincent.
Real estate agents are also increasingly provincial buyers who purchase either to accommodate a student children, but to invest capital. "Low interest rates have been a great accelerator," says Elix Rizkallah, chairman of House buying.Borrow at low interest rates, will constitute income for retirement, is what drives many buyers. Refuge from financial market heckled, real estate is experiencing a veritable golden age. Sometimes, the search becomes frenzied. "The property at market prices go in one day," explains Laforet Immobilier. "There is a tremendous imbalance of supply and demand which we have no control," says Laurent Vimont on his side, President of Century 21. There is little time I was in a XVearrondissement agency. Each of the five vendors receiving fifty requests per week and, opposite, there are only seven mandates in stock! "The stone, now everyone wants."Housing prices are based on supply, demand, solvency, but also a lot of psychology," says Guy Marty, chairman of the Institute for the property and financial savings (IEIF).
Parisians looking to buy to stay in the bill. Especially since, in the capital, the family apartments are small: they accounted for only 9.2% of sales this year (late September). For families seeking three or four bedrooms, competition is fierce: 2200 sales in just nine months. Result, prices are rising, despite the banks that open the valve of credit and rates that can borrow at around 3.5% with a good folder (the rates are slightly stretched), the account there more. And Ile de France is won by the contagion.
A loft of 450 m2 in the sixteenth in Paris (Daniel Féau, 6.9 million euros).