House prices growth in France is expected to slow down until 2023, according to a July 2022 forecast by the banking group Groupe BCPE. In 2021, the average house price increased by over seven percent. In 2022, this figure is set to decrease to four percent and in 2023, house prices are expected to fall by three percent. Some of the factors cited by the source are the worsening economic conditions, rising interest rates, and the energy transition. About 4.8 million homes in France have an energy performance F or G which are likely to face additional renovation costs to be rented. From 2023 onwards, properties with these scores can no longer be rented and to be sold, the owner needs to perform an energy audit. This, along with more regulations to come in force in the coming years, is likely to impact the price development for vintage properties.
Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023
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Statistics
Groupe BPCE. (July 30, 2022). Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023 [Graph]. In Statista. Retrieved April 24, 2024, from https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/
Groupe BPCE. "Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023." Chart. July 30, 2022. Statista. Accessed April 24, 2024. https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/
Groupe BPCE. (2022). Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023. Statista. Statista Inc.. Accessed: April 24, 2024. https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/
Groupe BPCE. "Percentage Change on The Previous Year of Residential Property Prices in France in 2021 with a Forecast until 2023." Statista, Statista Inc., 30 Jul 2022, https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/
Groupe BPCE, Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023 Statista, https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/ (last visited April 24, 2024)
Percentage change on the previous year of residential property prices in France in 2021 with a forecast until 2023 [Graph], Groupe BPCE, July 30, 2022. [Online]. Available: https://www.statista.com/statistics/1156135/residential-real-estate-prices-forecast-change-in-france/