the specter of a massive deficit in 2030
The rise in interest rates and the reluctance of banks are part of the explanation. 560587614/Wild Awake – stock.adobe.com
DECRYPTION – Sales have collapsed by 25%, to less than 122,000 homes. All segments are down.
For the world of housing, there is no longer any doubt: the crisis is here. The poor sales figures of single-family home builders were known. This Thursday, it was the Federation of Real Estate Developers (FPI) which took stock of the year 2022. And, it turns out to be bad. Sales have collapsed by 25%, to less than 122,000 homes. “This level is even lower than that of 2020, which we did not consider representative due to the Covid”despairs Pascal Boulanger, the president of the FPI.
All segments are down. Both bulk sales to institutions (-37%), and those to individuals under the Pinel scheme (-26%) or to households in home ownership (-13%). The rise in interest rates and the reluctance of banks are part of the explanation. But the boss of developers also points to another, very societal one: the Malthusianism of the French, and therefore of the mayors who grant building permits.
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In short: the French do not…
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