This article is from "Figaro Magazine"
After years of insolent price increases, boosted by particularly low interest rates, the idea had taken hold that the real estate market could only grow. The sharp rise in the cost of home loans finally whistled the end of the game. The sudden shift to a market where buyers are hesitant or even downright wait-and-see, where prices are starting to fall and confidence in a bright future is eroding may have frightened some. To the point that Cassandra were quick to evoke a "real estate crash" or the explosion of a bubble.
Yet, looking at this new situation with a clear head, it is clear that the situation is not much alarming, at least not in the old housing market. Prices that had adapted upwards over a long period, marrying the gains in real estate purchasing power made possible by rates of 1% or less, will have to take into account the passage of rates...
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