The construction of new housing is collapsing in France. The office sector is also suffering.
Bouygues Immobilier, the third largest developer in France, clearly demonstrates these difficulties. Its turnover fell by 14%, to 1.7 billion euros, for a current operating profit of only 28 million euros, down 24%. Above all, the outlook is not good, since order intake has collapsed by 25% for housing and 69% for businesses… This article is reserved for subscribers. You have 82% left to discover.