January 18, 2022

In search of a better quality of life, the French reject the density of large metropolises

“The quality of life and access to an outdoor space are now priority criteria in the purchase of housing, especially for Ile-de-France residents who go in search of less dense cities. What we felt from the first deconfinement, in June 2020, is confirmed ”, summarized Peggy Montesinos, notary in Remiremont (Vosges) and in charge of real estate expertise at the Superior Council of Notaries (CSN), on the occasion of the press conference he held on Monday, December 13. In fact, notaries do not content themselves with recording transactions and drawing up statistics, they also carefully analyze changes in French real estate behavior based on very real data.

Read also Article reserved for our subscribers Real estate: these metropolises that are seeing their prices rise

They also observed, in the space of twelve months, on September 30, 2021, a record number of transactions: 1.2 million, or 15% more than during the same period, a year earlier, and 14.5% more than in 2019, where the million transactions had already been exceeded, which was considered a high.

“There is certainly a catching-up effect at the end of confinement, but also an acceleration of real estate projects, an anticipation of new needs, with an ever-keen appetite for property”, analysis Frédéric Violeau, notary in Caen (Calvados), responsible for real estate statistics at the CSN.

The heart of metropolises is becoming more and more selective

While the average annual removals usually hover around 15% to 16% of the number of French households, it is 18% in 2021. “The French are more mobile than you might think, especially young people”, confirms Mr. Violeau. This is probably the consequence of another underlying trend, which sees a growing fraction of households leaving the centers of large metropolitan areas to settle in medium-sized towns, where they are also pushing up prices.

In the third quarter of 2021, over one year, apartment costs rose by 7.5% in the provinces against only 2.5% in Ile-de-France and 0.6% in Paris, where they are already located, it is true, at an average of 10,700 euros per square meter. The rise in house prices further marks the desire for space, posting a jump of 9.4% in the provinces and 7% in Ile-de-France.

Read also Article reserved for our subscribers Real estate: the big comeback to small towns

The towns in the west of the country and along the coast are particularly popular with candidates for a better quality of life. The square meter is soaring in Rennes: 9.8% more for apartments and 13% for houses, which, in the ranking, in terms of price, of the 18 metropolises observed by notaries, has increased in ten years , the Breton capital of the 13e at the 7e place.

You have 54.38% of this article to read. The rest is for subscribers only.