2021 – 2024: roller coaster

Between the beginning of 2021 and the 3^rd quarter of 2022, the cumulative amount of transactions in Paris and Neuilly is part of an upward trend, increasing by 40% ⁽¹⁾.

From the 4^th quarter of 2022 to the first quarter of 2024, this same cumulative amount of transactions contracts by almost half since it goes from 140 to 75 in the index (index 100: 1^st quarter of 2021).

This contraction is also more linked to a very significant drop in the number of transactions (-40%) than an erosion of prices per m² (-10% approximately between these two dates).

In this turbulent context, the activity of the Junot group agencies is progressing, which allows us to significantly increase our market shares in Paris and Neuilly.

The main factors influencing this market development

This change is mainly attributable to the increase in interest rates.

 
The standard deviation of prices per m² has also increased by 24% between 2021 and 2024, which clearly shows that the price gap between quality goods and those with defects has widened.

Things will improve during 2024: the recorded drop in prices, combined with the drop in rates allows buyers to position themselves again for purchase.

2025: a dynamic momentum

While waiting for indicators concerning the overall market, we can already be satisfied with very promising indicators for the 2025 vintage at Junot:

•    The cumulative amount of sales promises in progress as of January 31, 2025 is up 63% compared to promises in progress as of January 31, 2024.

•    The number of new buyers requesting our services has more than doubled since January 2024, reflecting renewed confidence.

•    The appreciation of the dollar against the euro stimulates foreign investment, particularly by Americans and nationals of countries whose currencies are pegged to the dollar, thus reinforcing the appeal of Parisian real estate.

Junot is positioning itself as a key player in the high-end real estate market and offers solutions adapted to a rapidly changing context.

Examples of recent sales

Paris 16^e – Jasmin: Apartment sold in one day to a loyal Junot client for 10 years, living in Africa, who acquired it in cash as a pied-à-terre at €2,900,000, or €15,057/m².

Paris 17^e – Malesherbes: Haussmannian apartment of 208 m² with open view, renovated by architect and sold in 3 weeks to a Parisian family at €2,800,000, or €13,427/m².

Paris 9^e – Rue des Martyrs: 119 m² apartment with open view sold off market and counting at €2,625,000, or €21,981/m² to American clients as a pied-à-terre. Entirely renovated by an architect, it offers quality services.

JUNOT IN FIGURES:

•    24 agencies
•    210 employees  
•    940 goods sold per year 
•   350 properties rented per year
•   145,000 buyers in France and abroad abroad
•    700 million euros in assets under management

 

(1) Data from the DVF (Demande de Valeurs Foncières) database concerning exclusively residential real estate transactions, including apartments and private mansions between 15 and 1,000 m² with a price per m² between €5,000 and €45,000

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