2023-12-11 15:37:00
Buying an apartment or a house is the dream of many French people. A dream that they have sometimes had to give up in recent times. Thus, 21% of people who had a real estate project over the last two years were forced to abandon it due to the economic context, according to an interactive Harris study for the Superior Council of Notaries, unveiled by RMC. Inflation, rising market prices and rising interest rates have overcome their aspirations.
The context particularly affected young aspiring owners: according to the study, a large majority of those who had to back down from a real estate project were under 30 years old. If some were refused the loan necessary to complete a transaction, others preferred to give up before even asking their bank.
The French aware of the context
Because the current requirements for investing in real estate are high and the French know it very well. Thus, 82% of people questioned during the study are aware that a significant contribution is required to make a project a reality. That is 10 points more than two years ago.
If real estate prices finally begin to decline, we are still far from a return to normal, according to Édouard Grimond, spokesperson for the Superior Council of Notaries. “Prices are starting to fall, but it’s still not enough. It’s still much too early,” confirms the latter, for whom the market situation should not be regulated before 2025.
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