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How Covid could redraw the contours of the real estate market

2020-05-07T21:30:09.172Z


DECRYPTION - The almost total absence of transactions makes it difficult to predict the evolution of stone prices, but professionals are already noticing some strong trends. Which will increase if the confinement is prolonged.


● Significantly lower transactions

This is the point that all specialists agree: after two record years, 2020 will mark a sharp drop in the number of transactions. As the real estate appraiser MeilleurAgents recalls, spring is one of the most active seasons: 15% of annual sales generally take place between mid-March and the end of April. Knowing that last year

1.068 million transactions had been recorded in 2019, it estimates at 120,000 the number of sales not made with containment. After May 11, there may be a catch-up effect, but all of this delay cannot be absorbed. The finalization of the files in progress will take several weeks and the summer risks being quieter than usual, according to the forecasts of the notaries. It will then remain to be seen whether the moves are possible and what is the extent of the economic crisis which will follow the health crisis. In all cases, even the most optimistic observers do not expect a restart

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Source: lefigaro

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