Is this the right time to invest in stone? Home prices are skyrocketing but lending rates have never been lower. Conclusion: the market seems to have weathered the crisis well.
The Laforêt real estate network has just published its annual barometer which covers the first nine months of the year. the President of the Laforêt real estate network, Yann Jéhanno, was Franceinfo’s “eco guest” on Monday, October 25.
franceinfo: How is the real estate market in France today?
Yann Jehanno : Real estate is doing very well. The year 2020 was the second best year ever and 2021 is on the verge of capturing the first place on the podium for transaction volume, thus a dynamic and attractive market. The French have found their way back to stone. This is more true for the old than for the new one which suffered from raw material supply problems.
A new concept is successful, that of semi-main residence.
The concept of semi-main, semi-secondary residence emanates from the 18 months that we have just gone through. Residences which would have been secondary but which are now occupied part-time by workers who spend half of their time in the regions, the other half in the metropolitan areas.
What impact have the lockdowns had on the real estate market?
We have a new cocktail with, on the one hand, teleworking which is perpetuated and which turns life upside down; on the other hand, the French who have lived eye to eye for at least two months with their accommodation and who have seen flaws that they did not attend to in the past. And then this great desire for the outdoors. This is more true for CSP +.
Now is the time to invest in stone?
Real estate projects are always linked to these life projects. Today, conditions are attractive with interest rates at a historically low level. You still have to find the object of your dreams.