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The new housing market in the midst of a slump

2021-03-04T17:55:34.060Z


DECRYPTION - In view of the figures for 2020 and the current situation, the outlook is gloomy for developers.


The crisis is very severe for real estate developers and for the entire new housing sector in France.

The actors have been alerting to the situation for many months.

The figures for 2020, which have just been published by the Federation of real estate developers (FPI), confirm this.

Containment, severe at the start of the year and more flexible at the end of the year, had a heavy impact on construction starts.

While apartment buildings, which correspond to the bulk of developers' activity, recorded a reasonable drop of 6.4%, building permits fell by 17.1%.

Sales of new homes collapsed 23.3% over one year, to just over 128,000 units.

"We have lost 40,000 homes in one year"

, specifies the president of the FPI, Alexandra François-Cuxac.

Read also:

In the new, the offer has become very limited for private investors

A structural crisis

"The crisis will worsen in the coming months, because there is no signal showing that the activity will start again,"

she warns.

The sales, which foreshadow

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Source: lefigaro

All news articles on 2021-03-04

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