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In the bustling real estate landscape, it seems sellers are becoming more accommodating, leading to a notable drop in housing sales delays since the start of the year. That's great news for homebuyers aiming to avoid the stress of bridge loans, as quick home sales can help avoid unnecessary financial tension.
According to real estate platforms such as SeLoger and Meilleursagents, the average time between placing a real estate ad and signing a sales agreement has shortened by a week since January. This positive trend amplified in April, with a four-day reduction in just that month alone. The good news doesn't stop there, as this decline is being observed in 32 out of 51 major cities in France.
Bien'Ici also reports a week-long decrease in ad lifespan since late 2024. They attribute this to swifter realization of buying projects resulting from improved financial conditions and heightened demand.
Lower mortgage interest rates, hovering around 3%, and more flexible sellers on price are contributing factors to this speedy market. As Guillaume Martinaud, president of the Orpi real estate cooperative, puts it, "as long as we're at the right price, we sell."
It's important to note that the average home now takes around two and a half months to sell. Cities like Dunkerque and Calais lead the pack, with an average sales delay of merely 37 days, contrasted with 131 days in Tourcoing. Even the usually resistant Nice has witnessed a drop in sales delays, with a four-day decrease in a single month and an 11-day decrease since the start of the year.
Yann Jehanno, head of the Laforêt network, confirms that sellers are now more willing to engage in negotiation, a practice that was less common at the height of the real estate crisis. Jehanno estimates average negotiation margins at approximately 4.72% of the listed price.
While it's heartening to see the housing market moving at a faster pace, it's essential to remember that different cities may experience varying trends. For the most precise and current information on the average time to sell a home in France, consult recent property market reports or reach out to local real estate agencies. Their insights will provide valuable information on current market trends and sales durations.
[1] Buying a home usually necessitates selling the existing one. How long can you anticipate the selling process to take? The answer to this question is crucial in avoiding the need for a bridge loan, the repayment of which can cause anxiety.[2] The enrichment data does not specifically announce the average time to sell a home in France as of now or changes in sales delays since January 2022. However, it suggests that property ads were prolonging online by 50% by the end of 2022, potentially implying a lengthened time to sell. Additionally, it mentions a decline in demand and a sharp drop in the number of sales during 2023 and 2024, which may influence the average time to sell a home.
- The faster pace of the housing market means home sellers can expect a shorter selling process, potentially reducing the need for bridge loans and the associated financial stress.
- Given the decline in ad lifespans since late 2024 and the shortening of the average time between placing a real estate ad and signing a sales agreement, it is likely that the average time to sell a home in France has also decreased, though specific figures are not provided in the enrichment data.
