• Tue. Dec 7th, 2021

Real estate: house prices are exploding around Paris, the whole of Ile-de-France is concerned – Boursorama

Byeditorial

Nov 24, 2021

Seine-et-Marne remains the least expensive department in Ile-de-France, but the rise in prices has nonetheless reached 7.4% in one year. (illustration) (Pixabay / AlexanderStein)

Parisian candidates for real estate have been seeking for several months to leave the capital to settle further in Ile-de-France. This frenzy caused house prices to rise 7% in one year. All departments are concerned, with prices varying according to the department concerned.

The real estate market in Ile-de-France is in turmoil. Driven by a desire for space and a garden, homeowners are now looking for houses outside of Paris. Over one year, the prices of these goods have increased by 7%, for an average price of € 350,000 according to the latest study of the notaries of Greater Paris relayed by Capital.

Seine-et-Marne, the cheapest department

This increase is not uniform and disparities exist according to the departments. In the inner suburbs, the increase reached 6.5% in the third quarter of 2021, for an average house price set at € 430,200. The increase is contained at 6.2% in Val-de-Marne (€ 426,300 on average) and in Hauts-de-Seine (€ 714,600), while prices have climbed 7.2% in Seine -Saint-Denis (€ 324,700).

The increase is stronger in Grand Couronne. The highest prices are visible in Yvelines (€ 428,500) with an increase of 7.4% in the third quarter compared to 2020. The same increase is observed in Seine-et-Marne, the cheapest Ile-de-France region: houses are traded there for € 271,500 on average.

The rise will continue

The strongest increase in house prices is that observed in Essonne (7.6% in the third quarter) with houses sold on average for € 330,000. In the Val-d’Oise, the increase is more contained (7%), and the houses start on average at € 318,900, specifies the study of the notaries of Greater Paris.

The rise will continue until the end of the year, according to experts. The average price of houses in the Greater Suburbs will exceed € 329,000 in January 2022 according to pre-contracts already signed, against an average price currently reaching € 324,500. In Petite Couronne, prices should climb by € 7,400 according to the latest projections.

One thought on “Real estate: house prices are exploding around Paris, the whole of Ile-de-France is concerned – Boursorama”
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