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Housing construction alert

2022-06-19T18:52:48.517Z


The surge in raw materials, the rise in interest rates and the difficulty in obtaining building permits in France are plunging the entire new real estate sector into deep uncertainty.


“We have catastrophic figures.”

Pascal Boulanger, the president of the Federation of property developers (FPI), does not have enough alarmist words to discuss the situation of new housing in France.

Already, before the Covid crisis, developers were alarmed by the growing difficulties in obtaining building permits.

However, not only does this phenomenon continue after the municipal elections, but new difficulties are added to it, starting with the surge in raw materials and the rise in interest rates.

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“Something dazzling is tumbling down on us,

confirms Norbert Fanchon, chairman of the board of Gambetta, a developer who builds 1,200 homes a year.

Everything happens at the same time: the cost of money is multiplied by 2, prices soar by 15%, and there is a lack of manpower.

We are in an emergency for which we are not prepared.

On the manufacturers' side, we confirm the difficulties.

“Between November 2021, the start of the energy crisis, and April 2022, prices…

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Source: lefigaro

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