People looking to buy property in France can negotiate, on average, 6% off the price of a house or flat – the biggest room for manoeuvre since 2010.
The figure, which refers to prices at the end of 2022, has increased around 50% nationally over the past year, according to the LPI-SeLoger barometer.
The margin of negotiation measures the difference between the advertised price of a property when the mandat de vente is signed between the seller and estate agent, and the final sale price.
House prices tend to be more flexible, the statistics show, with a 6.4% margin compared to 5.6% for flats.
And you can knock the price down even more in rural regions, with margins of almost 9% on houses in Picardy, 7.42% in Lower Normandy and 7.18% in Nord-Pas-de-Calais.
Margin of negotiation in your area
However, the figures do not necessarily equate to increased purchasing power for buyers, warn experts.
"Access to credit has become considerably more difficult for households in recent months," Michel Mouillart, spokesman for the LPI-SeLoger barometer, told Capital.
While in December 2021 people could borrow €223,896 on average, by December 2022 that amount had fallen to €194,020.
People’s buying power is also affected by a rapid increase in the price of property over recent years, especially 2020 and 2021.