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New home buyers have far fewer choices

2020-07-13T07:30:53.815Z

The number of building permits plummeted 45.8% from March to May compared to the previous three months, according to the Ministry of Housing.



Individuals who want to buy a new home will have a lot to do. The supply of new housing has literally melted in recent months and developers have very little property to sell. “With containment, there was a huge halt on permits and construction sites. All promoters have a historically low level of stocks " warns Thibault Dutreix, general manager of promoter Coffim.

Read also: Coronavirus: France could build 100,000 fewer homes in 2020

Unable to pass the building permits during the two months when the country stopped, the authorizations collapsed and the supply is struggling to renew. The number of building permits plummeted 45.8% from March to May compared to the previous three months, according to the Ministry of Housing. "It is a huge hole and, above all, it is unattainable ", judge Franck Vignaud of the Laboratory of real estate.

At the end of May, there are still 80,000 new homes for sale

Benjamin Deneux, from the Théseis group

In recent months, the supply of new housing has already been weak. The months before the municipal elections are never conducive to construction.

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Source: lefigaro

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