Real estate: falling prices, rising interest rates, tight rental market… are we headed for a crash?

2023-09-02 07:23:43

How far will real estate sink in the crisis? This is the question that everyone is asking in this high-risk return to school. Buyers, sellers, bankers, brokers, agents, builders and promoters… For all of them, the lights are red. Scarlet. Their observation? The fourfold increase in interest rates, from an average of 1% in January 2022 to over 4% today, has clipped the wings of many homeownership contenders. The number of loans granted has shrunk by more than 41% in one year according to the Banque de France.