SURVEY – After two years of post-Covid euphoria, the bad news that has accumulated in recent months has somewhat shaken the confidence of buyers.
The issue of purchasing power does not spare the real estate market. In recent months, the rise in housing prices, the rise in the cost of credit, as well as the increase in the cost of work have come to cool households with a purchase project. “A deceleration is underway”, confirms Charles Marinakis, president of the Century 21 network. Gone are the post-Covid euphoria, which was marked by exceptional sales levels (1.2 million in 2021), and price increases which still reached 10.7 % for houses and 7.4%, for apartments, between June 2021 and June 2022 according to Century 21. “The soaring prices are behind us”, insists Charles Marinakis.
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Spring is usually a peak season for real estate. But the bad news that has accumulated in recent months has somewhat shaken the confidence of buyers. “We are no longer at all in the hysteria of a year ago. Buyers are more fussy,” testifies Isabelle Chégut, negotiator at Real…
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