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According to the Union sociale pour l’habitat, the lack of social housing concerns the whole territory. At the end of 2022, 2.4 million households were waiting for housing, an increase of 7% compared to 2021.
Has finding accommodation become an impossible mission in France? On the side of buyers, the surge in interest rates has stopped the desire to buy. From 1.07% in January 2022, we went to 3.15% in April 2023 and it could even reach 4% in September, which makes banks increasingly cautious. A vicious circle because these same stranded people remain tenants and do not release their apartment for those waiting for housing.
A drop in the number of new homes
This is reflected in the number of properties offered for rent: minus 46% between 2019 and the first quarter of 2023. A drop which has increased over the past year with minus 17%. If the market remains seized on the demand side, it is also because supply is no longer following. The number of new homes has fallen. In question, administrative reluctance on the part of mayors, but also an explosion in the prices of raw materials.
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