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Real estate: return to earth for agencies doped at low rates

2022-08-18T17:59:30.562Z

ANALYSIS – After years of crazy growth, players in the sector feel that a change of era is at work. For real estate agencies accustomed to selling homes with the snap of their fingers, the party is over. The rise in rates, the resulting difficulties in accessing credit, and the surge in post-Covid prices are now having an impact straight into sales. “We have almost no call”, testifies Isabelle Chégut, negotiator at Real Lex, notarial office located in the Lyon region. The figures only sketch it



For real estate agencies accustomed to selling homes with the snap of their fingers, the party is over. The rise in rates, the resulting difficulties in accessing credit, and the surge in post-Covid prices are now having an impact straight into sales.

“We have almost no call”,

testifies Isabelle Chégut, negotiator at Real Lex, notarial office located in the Lyon region.

The figures only sketch it (the number of compromises fell by 6% in May, according to Fnaim), but players in the sector feel that a reversal is at work.

"The economic crisis is spreading slowly but surely, and the housing market is in the process of inflecting"

, recognizes Jean-Marc Torrollion, president of Fnaim.

It is a change of era for these professionals - agents, representatives, negotiators - after years of crazy growth.

Agencies have flourished in the shopping streets, gradually replacing businesses in decline.

"In one of the streets...

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Source: lefigaro

All business articles on 2022-08-18

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