In France, too, real estate prices are racing.
Clearly.
According to INSEE statistics, real estate prices in France increased by 7.4% between the third quarter of 2021 and the same period of the previous year.
And the rise tends to accelerate.
Enough to ask questions about the creation of a real estate bubble, which would obviously only ask to burst.
This is not the analysis of the economists of the OECD (Organization for Economic Co-operation and Development).
The price increase is justified by the good health of potential buyers.
“In France, during the pandemic, public support for household purchasing power also pushed up the savings rate
,” explains Boris Cournède, co-author of an OECD report on housing policies in the 38 member states of the organization.
In addition, the very accommodative monetary policy of central banks and favorable financial conditions make access to credit easy...
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