France: the real estate market stabilizes

France: the real estate market stabilizes

After containment, buyers turned to properties with terraces and gardens. The containment has led to a stabilization of the real estate market.

The real estate market stabilizes

After five years of price increases, the Covid-19 seems to have halted this upward trend“, Explains journalist Anne-Claire Le Sann on set. “If we look since the beginning of the year in the fifty largest cities in France, + 2% increase“, Analyzes Anne-Claire Le Sann. The rise in prices seems to be more pronounced in the large cities which had experienced the largest increases.

Credit applications jump

Since January, credit applications have fallen by 18%. “The sector relativizes“Says the journalist from France 2.“ He expected worse because the confinement has put everything to a standstill. ” In the aftermath of confinement, from June, credit applications jumped 30% compared to last year. “Professionals remain vigilant because from July-August acquisition requests were less strong,” nuance Anne-Claire Le Sann. Half of credit applicants are under 35 earn less than 3,000 euros net per month.