The real estate between individuals with the wind in its sails. PAP and Entreparticuliers.com reported Thursday of a rise in sales of houses and apartments reached without going through an agency. Price later, time is a runaway.
“This is the eighth consecutive month of rising prices of apartments and the seventh consecutive rise in house prices. The group De Particular à Particular (PAP), the market leader, maintains the accounts. In May, there was an increase of 1.03% of the apartments, and an increase of 1.95% of the houses. “The price of apartments has recovered and 6.34% from 1 October 2009, while the number of homes has improved from 7.48% since 1 November,” says PAP. In May, the group recorded a total of 12,517 transactions in the first eight French cities is 2.4% higher than April and 5.2% higher than May last year.
Finding similar in Entreparticuliers.com competitor, whose barometer reported a 0.8% increase in the price of apartments on a month in May to a 1.7% increase in the price of apartments. For Stéphane Romanyszyn, president of the company, this new increase shows that “vendors have always made clear hand, and they come back in numbers on the market.”
The price gain 5% this year
Further evidence of this new balance of power between buyers and sellers, negotiating rates, which measures the difference between the sale price and the actual price of the transaction, declined quite markedly over a month. In PAP, buyers are able, on average, lower prices for a flat 5.72% (-0.45 percentage points from April), and 7.61% for a house (-0.32 point). On average, ENTREPARTICULIERS observed negotiating rates of 6.8%, below “its pre-crisis level,” commented Stéphane Romanyszyn. Drop, finally, the transaction time. According to PAP, nine weeks are now required the seller to sell an apartment or two weeks less than in April. For a house, the time is spent in one month from 15 to 12 weeks.
The question remains whether the situation is sustainable. In PAP, the focus once again on the decline of the OAT 10 years, calculating the reference rate mortgages – which is involved in contributing to the solvency of new households to support property prices. The ALO has raised an average of 3.39% in April to 3.09% in May, “the lowest level ever, the previous record low dating back to September 2005, the company said. Rather careful until now, Entreparticuliers.com reviewing its forecasts for its annual upward. “My market analysis today leads me to revise my forecast mid-year, says Stéphane Romanyszyn. In 2010, the property prices will increase by at least 5% in a volume of transactions increased by at least 25%, “he says. He was expecting far on two increases of 3 and 15%.
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