Pascal Boulanger, president of the Federation of Real Estate Developers, is calling for strong measures from the State to deal with the current market difficulties and revive a sector where housing starts are in sharp decline.
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The new housing figures for the first quarter are quite worrying: a 30% drop in building permits granted compared to the first quarter of 2022 while housing starts fell by 12%. The Federation of Real Estate Developers is asking the government for urgent measures.“For three years, we have been living with a supply crisis,” deplores Pascal Boulanger, president of the Federation of real estate developers, Thursday May 25 on franceinfo. “The new mayors are cautious because the inhabitants do not want new housing.”
“Whatever the political leanings, mayors are reluctant to issue building permits.”
Pascal Boulanger, President of the Federation of Real Estate Developersat franceinfo
At the same time, the withdrawal rate has risen on the buyer side, from 13 to 50%, according to the Federation of Real Estate Developers. “We have fewer interested customers and among them, a strong withdrawal. They retract. We have a lot of withdrawals which I call psychological. Someone books and within 48 or 72 hours, they send us a registered letter to to withdraw. That means they went home, talked to the family, and thought maybe this is not the time.” to buy, analyzes Pascal Boulanger.
The federation of real estate developers is calling for strong measures from the government to revive the sector. She argues for specific tax benefits.
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