a market in crisis?

The real estate market suffered a decline, for lack of buyers: minus 0.2% since the start of the year. AT Paris, or even in Lyon (Rhône), we exceed the minus 3%. AT Dijon (Côte d’Or), a 33 square meter apartment is for sale but there is no buyer. “It is now at 119,000 euros, we lowered it a few weeks ago, it was at 129,000 euros and it has been on sale for four months”, details a real estate consultant. A good that certainly consumes energy, but in the Côte d’Or, the market seems to be seized up.

Rates at 3.3%

“Before, when we put an ad up for sale, we could have 20 or 30 calls on certain properties. This is still much less true at the moment”, she adds. A lack of buyers due to a lack of loans with the spectacular rise in interest rates. They are on average today at 3.3% against 1.25% 20 years ago. For months at a broker, it is the parade of disillusioned borrowers. “We did not meet the criteria”, announces one of them. Criteria tightened by the banks. Bercy is considering easing credit conditions.