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  7. In Ile-de-France, a house in the countryside, at all costs

In Ile-de-France, a house in the countryside, at all costs

Le Figaro

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In Ile-de-France, a house in the countryside, at all costs

2022, much like 2021 was, starts in a hyperactive way in the real estate world. Neither the health crisis nor the future presidential elections calm the buying fever of families looking to expand and buy a property with an outdoor space.

If Boulogne-Nord remains the core target, many no longer hesitate to head south. “The starting price is 2 million euros,” notes Thomas Veber from Hauts-de-Seine team at Paris Ouest Sotheby’s International Realty. “But beware, sellers must be reasonable” he adds.

Neuilly-sur-Seine is experiencing the same enthusiasm, although the problem of supply is more topical than ever. It takes between 10,500 and 16,500 € / sq. m to purchase a property in the city. The average selling time is 58 days and can go down to 7 days or even 24 hours for a property without imperfection.

Faced with this tight market, buyers are turning to neighboring towns such as Levallois, and even crossing the Seine or trying their luck in Yvelines, Seine-et-Marne or Val-d'Oise. According to the chamber of notaries, the price of houses in Hauts-de-Seine has increased by 7.9% in one year and by 30% in 5 years.

Ditto in the Yvelines, especially in Saint-Germain-en-Laye where the houses are taken by storm and have seen their prices increase by more than 30% in the last five years. “For a family house of 100 sq. m with 100 sq. m of garden, the entrance ticket is 2 million.

Individuals are therefore moving even further away and going as far as Orgeval,” underlines Sophie Cardon of the Hauts-de-Seine team at Paris Ouest Sotheby’s International Realty.

To read the rest of the article, click here.

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