The Limited Times

Now you can see non-English news...

The real estate market begins its landing

2022-06-27T17:55:59.719Z

SURVEY - After two years of post-Covid euphoria, the bad news that has accumulated in recent months has somewhat shaken the confidence of buyers.



The question of purchasing power does not spare the real estate market.

In recent months, the rise in housing prices, the rise in the cost of credit, as well as the increase in the cost of work have come to cool households with a purchase project.

“A deceleration is underway”,

confirms Charles Marinakis, president of the Century 21 network. Gone are the post-Covid euphoria, which was marked by exceptional sales levels (1.2 million in 2021), and increases in prices which again reached 10.7% for houses and 7.4% for apartments, between June 2021 and June 2022 according to Century 21.

“The price spike is behind us”,

insists Charles Marinakis.

To discover

  • Taxes 2022: all about your tax return

Read also

Real estate: in Paris, a market that is starting to regain color

Spring is usually a peak season for real estate.

But the bad news that has accumulated in recent months has somewhat shaken the confidence of buyers.

“We are no longer at all in the hysteria of a year ago.

The buyers are more fussy”,

testifies Isabelle Chégut, negotiator at Real…

This article is for subscribers only.

You have 85% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All business articles on 2022-06-27

You may like

Business 2022-03-26T17:41:10.735Z
Business 2022-05-02T14:55:02.156Z

Trends 24h

Business 2022-08-09T04:32:15.749Z

Latest

© Communities 2019 - Privacy