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Loans are increasingly difficult to obtain. We buy less and less real estate and their prices fall. Can this trend last? Is this the start of a real estate crash?
Homes for sale that do not find buyers, prices that are starting to fall. Almost everywhere, the real estate market is contracting. Can he end up cracking? In Lyon (Rhône), a real estate agent noticed it. Visits and purchase proposals are becoming rarer. An apartment has been on sale for eight months, priced at 230,000 euros, below the market in the district. However, buyers are not rushing. “This apartment located at the Red Cross, would have sold in the afternoon before and there we have been waiting for a proposal for eight months”notes the real estate agent.
A market that is readjusting
Selling times that are getting longer, buyers who are being desired, some research firms predict a decline in sales of 10% to 15% this year. A broker observes the phenomenon. The rise in rates, which has accelerated, continues to dampen the market. Are we heading for a real estate crash? This is unlikely, according to an expert who wishes to qualify. The real estate market tends rather to readjust.
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