Property Sales and the Current Situation: Despite falling mortgage rates, political instability in France could lead to an increase in rates. If you’ve decided to purchase a new home but need to sell your apartment first, how much time will it take to find a buyer?
📅 Average Sales Time: As of early December, according to SeLoger, it takes an average of 82 days to sell an apartment in France’s 11 largest cities. This is 11 days longer than the average a year ago.
📉 Housing Prices and Loan Rates: Despite a 2.1% annual decline in second-hand housing prices and a nearly 1-point drop in mortgage rates (to 3.35% for 20-year loans), these factors haven’t significantly sped up transactions. Buyers are still waiting for further price drops, even though the decline over the past three months was just 0.2%, much smaller than last year’s 1.9%.
📊 Sales Differences Between Cities: Property sales happen faster in some cities than others. For instance, selling an apartment in Antibes takes 99 days, in Cannes 92 days, and in Nice 96 days.
So, how can you sell your property faster?
🔑 It Depends on Several Factors: These include pricing, location, and your flexibility during negotiations. It’s crucial to understand that despite falling rates and prices, the real estate market remains challenging, requiring patience from sellers.
📞 Advice: If you want to speed up the sales process, consider consulting professionals. Attention to detail, proper pricing, and thorough preparation of the property are key to success. Contact us for a valuation of your property.
📅 Average Sales Time: As of early December, according to SeLoger, it takes an average of 82 days to sell an apartment in France’s 11 largest cities. This is 11 days longer than the average a year ago.
📉 Housing Prices and Loan Rates: Despite a 2.1% annual decline in second-hand housing prices and a nearly 1-point drop in mortgage rates (to 3.35% for 20-year loans), these factors haven’t significantly sped up transactions. Buyers are still waiting for further price drops, even though the decline over the past three months was just 0.2%, much smaller than last year’s 1.9%.
📊 Sales Differences Between Cities: Property sales happen faster in some cities than others. For instance, selling an apartment in Antibes takes 99 days, in Cannes 92 days, and in Nice 96 days.
So, how can you sell your property faster?
🔑 It Depends on Several Factors: These include pricing, location, and your flexibility during negotiations. It’s crucial to understand that despite falling rates and prices, the real estate market remains challenging, requiring patience from sellers.
📞 Advice: If you want to speed up the sales process, consider consulting professionals. Attention to detail, proper pricing, and thorough preparation of the property are key to success. Contact us for a valuation of your property.