Property market trends in Paris and the Côte d'Azur in 2024
- dianeskoda
- Feb 14
- 2 min read
The French property market is undergoing significant changes in 2024, particularly in Paris and on the Côte d'Azur. Here's an overview of the main trends and some advice for buyers and sellers in these popular regions.
Paris: a slightly declining but still attractive market
Property prices in the French capital stabilised in 2024, with a slight fall of 0.6% over the year. This trend offers new opportunities for buyers, while maintaining Paris' attractiveness to investors.
Key trends in Paris
Stable prices in inner Paris (+0.1%)
More marked fall in some inner suburbs
Increased room for negotiation for buyers
Advice for buyers
Take advantage of this period to negotiate prices, particularly in the outlying arrondissements where the fall is more pronounced.
Tips for sellers
Adjust your price expectations and highlight the unique features of your property to attract buyers in a more competitive market.
Côte d'Azur: a resilient luxury market
The Côte d'Azur will maintain its position as the preferred destination for top-of-the-range real estate in 2024, with sustained demand and stable prices.
Key trends on the Côte d'Azur :
Marked return of foreign customers to the luxury segment
Stable prices, particularly for exceptional properties
Increase in supply in certain coastal regions (+18.5% in Provence-Alpes-Côte d'Azur)
Advice for buyers
Remain vigilant as supply increases, and be ready to act quickly on the most sought-after properties.
Advice for sellers
Focus on the quality and uniqueness of your property to attract a demanding international clientele.
General property market trends in 2024
Looking beyond Paris and the Côte d'Azur, the French property market is showing a number of notable trends:
Moderate 2.8% year-on-year rise in advertised prices nationwide
Increase in the gap between advertised price and final sale price (4.5% on average)
Stable prices for houses, more marked fluctuations for flats
Outlook for buyers and sellers
In this dynamic environment, buyers and sellers need to adapt their strategies:
For buyers:
Take advantage of the increased room for negotiation
Stay on the lookout for opportunities, particularly in areas where supply is increasing
Consider long-term trends and the potential value of properties
For sellers:
Adjust your prices in line with the realities of the local market
Highlight the unique features of your property
Be open to negotiation to conclude a sale within a reasonable timeframe
The 2024 property market offers many opportunities, both in Paris and on the Côte d'Azur. A thorough understanding of local trends and a well thought-out strategy are essential for success in this constantly changing environment.
Thinking of buying or selling property in Paris or on the Côte d'Azur in 2024?
Sources : monimmeuble.fr
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