“ The announcement of the dissolution of the National Assembly was a real earthquake in the country, including in our ranks “, said Loïc Cantin, president of the FNAIM during a press conference organized on June 12. And to add: “ Political instability is not likely to restore serenity among the French nor to encourage an appetite for investment or acquisition. Political instability is also a source of economic instability. »
For the president of Unis Danielle Dubracthis announcement has a bitter taste : “ The dissolution of the National Assembly has the effect of stopping all projects and legislative proposals in their tracks. Lhe legislative and regulatory landscape has just suddenly become clearer… into nothingness. Ultimately, nothing has changed much since the failure of the CNR housing a year ago. A year wasted, while the rental market, to speak only of itself in this period of search for student accommodation, is sclerotic. »
An unwelcome period of uncertainty
The early legislative elections indeed sound the death knell for several legislative proposals currently under study intended to revitalize the real estate market.
Bill relating to the development of the supply of affordable housing, transpartisan bill aiming to strengthen the regulatory tools for furnished tourist accommodation at the local level, bill aiming to facilitate the transformation of vacant offices into housing, or another bill aimed at generalizing the portability clause to all real estate loan contracts. So many texts currently being examined have been put on hold today, just like the Government’s housing policy.while the sector has already been faced with the succession of three ministers responsible for housing in just 18 months.
“ The dissolution of the National Assembly and the resulting institutional unrest are assassins for the economy and the housing market in particular. The President takes away all visibility and visibility from households, who will not invest with long-term debt when they do not know what their country will be like in two or three months. Not to mention the uncertainties over interest rates, which reflect the confidence of financial markets or the lack of confidence. Clear, a guilty incompetence of the Head of Statewhich housing and its actors did not need », Underlines for his part, Henry Buzy-Cazaux, the president of IMSI.
Same regrets and concerns on the side ofArnaud Hacquart, president of Imodirect, a 100% online real estate agency. “ This dissolution will result the appointment of yet another Minister of Housingt, while the sector urgently needs stability and concrete measures to emerge from the doldrums. »
As for the possible repercussions of this dissolution on the financial markets and the rise in rates? “ In 48 hours, 10-year OATs gained 0.5%, due to political instability. If these rates soar, mortgage rates will follow and, once again, uncertainty takes over. », thus alerted Loïc Cantin.
