With a higher number of transactions since the start of the year compared to 2019, the real estate sector is reborn. If the customers jostle each other, the profile of the goods sought changes. Now, potential buyers are looking for a house with space inside … and outside.
After a year of slowdown in 2020 marked by the Covid-19 crisis, the real estate market is picking up again in 2021. As proof, the number of real estate transactions since the beginning of the year has already exceeded that of 2019 at the same period. But after three lockdowns, buyers are looking for goods that offer space, inside but also outside.
The average surface area for a house thus drops from 115 to 117m2. A slight increase which is combined with a greater desire to have a square of greenery. As a direct consequence, the price per square meter for a house increased by 6.8% compared to 2019. An upward trend felt particularly in Ile-de-France, where buyers increasingly advocate “good living” , to the detriment of hypercentres.
The success of the rental investment
“You have a sort of chip-jump phenomenon between the big cities, the hypercentres and the first crowns with people who use the high selling price of the hypercentres to buy an extra room or a garden five or six kilometers away,” explains the president of Century 21, Laurent Vimont.
With 142 billion euros saved during the Covid-19 crisis, the French are reinvesting their savings in real estate. A sure bet for many clients who are putting their savings in stone. Rental investment is thus growing rapidly, especially in Ile-de-France where the sector has jumped by nearly 18.4% over the last six months. Unheard of for experts.
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