Real estate: 29,000 new homes marketed in the second quarter, the new home market is collapsing

Housing is lacking in France. “With only 29,000 new homes marketed in the second quarter [en 2022]we recorded a decline of 11.7% compared to the same period last year., indicates the journalist Alexandre Peyrout, present, Friday August 19, on the set of 19/20. In detail, the single-family home market is the one that fell the most with a drop of 13.9%, followed by apartments, with a drop of 11.5%.

The situation is particularly observed in areas in tension such as Paris, the Ile de France or the Swiss border. How to explain it? First of all, a drop in the number of building permits, because “town halls are more and more reluctant to grant them”explains Alexandre Peyrout. “Another element, inflation on materials. The war in Ukraine has increased the cost of raw materials, which has even caused the abandonment of certain construction sites. Finally, the last element [est] the sharp decline in the number of real estate loans granted”, notes the journalist. Fewer new homes, but still as much demand. Consequently, prices are increasing: +4.9% on average over one year for apartments, and +5.2% for individual houses.