Old real estate: in Alsace, sales volumes on the rise in 2022

This can be seen as a consequence of the difficulties in the new real estate market as well as the tightening of access to loans. In 2022, the old property market was doing well in Alsace, according to the latest report drawn up by the notaries of Alsace-Moselle (NAM).

Relating to the transactions concluded from 1is January to December 31, 2022, the balance sheet notes a still high volume of transactions despite a “slight decline in the fourth quarter”, reports Claudine Lotz, president of the Chamber of Notaries of Bas-Rhin. 29,400 transactions were recorded during the year. This is a little more than the previous three years, but less than in 2018 (30,000 transactions).

Price increase

The rise in prices is in line with the national trend. The median sale prices of houses are increasing more than those of apartments or building plots. That is an increase of 11% for houses in the Bas-Rhin, the strongest annual increase in a decade (270,000 euros). In the Haut-Rhin, this increase reached 4.7%, or 250,000 euros on average. As for apartments, the increase varies between 3% and 7%, with average prices ranging between 1,900 and 2,800 euros per square meter, depending on the department. It should be noted that Strasbourg ranks seventh, nationally outside of Paris, in terms of the median price of individual houses, such as apartments.

What about the year 2023? “We all feel a slowdown in sales volumes. In the new, almost nothing happens and, in the old, it is still going but we feel that it is no longer the same thing, ”says Claude Bauer, president of the chamber of notaries of Haut-Rhin.

“We don’t think it will be a bad year,” says Claudine Lotz. Housing remains an indisputable safe haven and the needs remain significant. All the more so as the new one is marking time”.

Local law notaries

In this spring of 2023, the “Alsace-Moselle notaries” (NAM) are displaying their new identity, created in 2022, via an advertising campaign in the territory’s stations. Bringing together the chambers of notaries of the three local law departments (Moselle, Bas-Rhin, Haut-Rhin), this brand aims to promote the specificities of the notarial profession in these departments compared to the rest of France: non-patrimonial offices, competitions local law, judicial sharing, etc.