Real estate professionals want to believe it. After two difficult years, 2025 will see a return to better fortunes. Some signals point in this direction, even if it seems a little premature to declare victory. Starting with declining credit interest rates. According to the broker Cafpi, borrowing rates averaged 3.31% over twenty years last December. Vousfinancer, for its part, notes an improvement in financing conditions at the start of the year, and expects further reductions during the year, before a stabilization “around 3%”. Coupled with the price drops recorded last year, this banking improvement is encouraging the return of buyers. SeLoger notes, in its January barometer, that in one year, the number of real estate purchase projects has increased by 10%.
Price stabilization since last February
This renewed interest especially benefits large cities, notes Thomas Lefebvre, vice-president of data at SeLoger and Meilleurs Agents. “Some of the major cities saw demand literally explode last year,” he says. This is particularly the case in Toulouse and Bordeaux where it jumped by 37% and 38% respectively. Paris is not in remains. After a dark year in 2023, during which the capital lost 10% of candidates for purchase, 2024 was the year of its return to favor with buyers. recorded an increase of 31% between January and December.”
Another favorable element: the fall in prices seems to be coming to an end. Fnaim notes that these have stabilized since February 2024, after having experienced the sharpest decline in fifteen years. If confirmed, this landing, before a possible recovery, could put an end to a form of inaction on the part of buyers looking for opportunities.
So many factors which should mechanically support the market. According to Thomas Lefebvre, “this should experience a tipping point in the spring, with a recovery in demand likely to initiate, from then on, the entry into a new upward cycle.” The expert from SeLoger and Meilleurs Agents anticipates a rise in prices “of around 2% by the end of the year.”
However, many unknowns remain, which could alter the ambient optimism. The main one, the political crisis that France is experiencing, could indeed have multiple consequences, both on interest rates and the purchasing power of households or their confidence in the future.