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The Covid is reshuffling the real estate market in France

2021-05-03T00:06:41.708Z


DECRYPTION - The French retain a strong craze for stone. Never seen. While the country continues to operate in slow motion, the real estate market seems to be ignoring the crisis: boom in suburban pavilions, rush for second homes, buyers' appetite for medium-sized cities or for high-end real estate… Despite the total shutdown in the country last spring, sales declined little in 2020 (-4% compared to 2019 which was a record year), while prices continued


Never seen.

While the country continues to operate in slow motion, the real estate market seems to be ignoring the crisis: boom in suburban pavilions, rush for second homes, buyers' appetite for medium-sized cities or for high-end real estate… Despite the total shutdown in the country last spring, sales declined little in 2020 (-4% compared to 2019 which was a record year), while prices continued to increase overall (+ 6.4% over one year , in the fourth quarter of 2020).

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The desire to acquire a home remains as strong as ever.

The stone retains its status as a safe haven.

But this urge is shifting.

"Today, what matters for buyers is the quality of life",

argues Thierry Delesalle, spokesperson for the chamber of notaries of Paris.

“The Covid acted as a sort of revealer.

Many French people have noticed the flaws in their homes, ”

adds Yannick Jehanno, head of the Laforêt real estate network.

A flat

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Source: lefigaro

All business articles on 2021-05-03

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