• In France, in the majority of cities, prices fell last year.
  • In Toulouse, the rise in prices continued, as well as the volume of sales, even if the curve flattens in Toulouse indicates the Chamber of Notaries.
  • A balance sheet of prices per m2 by district was unveiled this week by notaries, it shows in particular that there is not yet any anticipation of the future metro line C in the neighborhoods it will cross.

For several days, real estate officials have been sounding the alarm throughout France: the lights are red, especially in new construction where apartment sales fell by nearly 25% last year. Inflation and increasingly difficult access to credit are pointed out. And the fall in prices in the former continues in many French cities, such as Paris, Lyon or Nantes.

A gloomy picture from which the Pink City seems for the moment to escape in part. If the Toulouse Real Estate Observer, which examines the new home market in the urban area, estimates that it is doing better than other French cities, it records a "significant decline in retail sales", with 4,600 homes sold against 6,030 in 2021, a decrease of about 24% "mainly explained by financing refusals illustrated by a cancellation rate of 21% over the year".

On the side of the interdepartmental chamber of notaries, which finalize the transactions, the volume was even rather on the rise last year with 37,000 transactions recorded in the department of Haute-Garonne (+ 1.8% compared to 2021) from building land, to old and new housing.

Curves flatten in Toulouse

On the market of the old apartment, the median price in the department is now 2,900 euros per m2, against 2,810 euros last year. In the commune of Toulouse, it is 3,250 euros, up 1.4% in 2022.

"We have arrived at a threshold and price curves that are flattening in Toulouse," acknowledges Frédéric Giral, the president of the Interdepartmental Chamber of Notaries who presented this week the balance sheet of the year 2022, ahead of the real estate show that is held until Sunday.


Apart from the Carmelites (+6.8%) where there are quite a few small homes resold quite expensive, the other districts at more than 5,000 euros per m2 mark the pace in the rise in prices. Other districts with more than 3,500 euros continue to see their rating still rising, such as Le Busca (+7.1%) or Arnaud-Bernard (+ 6.9%).


Work on the future metro line C is starting everywhere in Toulouse, before delivery in 2028. For the time being, the neighborhoods crossed do not record a leverage effect on real estate prices. Whether at the Côte Pavée (3,710 euros per m2), down 2.2%, at Sept-Deniers, at Minimes (+2.9%) or Bonnefoy (+3.4%) specialists are not yet recording double-digit increases as was the case on the route of line B before its completion.


In the most popular neighborhoods and less than 2,500 euros per m2, notaries note "a catch-up of prices" especially in Reynerie (+ 11.4%), Faourette (+ 11.1%), Bellefontaine (+ 9.7%) or Pradettes (+ 8.6%) which have been the subject of renovation programs in recent years or construction a few years ago.

  • Toulouse
  • Occitania
  • Real estate
  • Notary
  • Housing