Real Estate Market Soars in Summer

The French real estate market has been experiencing a remarkable surge in property prices throughout the summer season. This trend has been driven by a variety of factors, including increased demand and limited inventory. !Summer Real Estate Market

Key Drivers of the Surge

- Increased demand: The desire for homeownership remains high, supported by historically low interest rates and a renewed focus on the importance of home. - Limited inventory: With fewer properties available for sale, competition among buyers intensifies, pushing up prices.

Regional Highlights

- Paris: The capital city continues to see strong growth, driven by both local and international demand. - Coastal regions: Areas along the French Riviera, Brittany, and Normandy have experienced significant price increases, as more people seek second homes or relocate to the coast.

Outlook for the Rest of the Year

- Stable growth: The real estate market is expected to maintain its steady growth throughout the rest of the year. - New construction: An increase in new residential construction may help alleviate inventory shortages and stabilize prices. Data and insights provided by CartoImmo.