Fall in new supply on the collective housing market in Greater Reims (Grecam)
According to the latest study on the collective housing market in Greater Reims carried out by the Observatoire immobilier de l’habitat du Grecamnew supply is falling there in 2022. On this market, the variation in sales over one year is down 55%.
During the year, only 381 housing units were launched in Greater Reims while this market, “unlike large French cities, experienced a peak in activity in 2020 and 2021 with 928 and 839 housing units launched respectively”, reports the Grecam.
In 2021, Greater Reims represented, after Tours (+1,000 reservations per year), the second most active market of metropolitan areas located 1 hour from Paris with 1,002 reservations. In recent years, this market has notably seen the arrival of new national players such as Edouard Denis And Residential Quartus.
Sharp increase in the average price
In this context, the Grand Reims market is experiencing a sharp rise in its average price: this has gone from €4,150/m² IP at the end of 2019 to €4,780/m² IP at the end of 2022. “Thus, since the end of 2021 , the psychological threshold of €4,500/m² PI has been crossed,” observes Grecam.
In addition, the stock on the Grand Reims market fell sharply over one year: -37%. “In December 2022, there were 504 housing units left in stock in Greater Reims, displayed at an average price of €4,781/m² PI. At the current rate, this corresponds to nine months of marketing. In terms of distribution, 443 housing units are concentrated in Reims, or 88% of the stock in Greater Reims.
*Entire Grecam study attached.