“Clearly, today we must not confuse catching up with restarting. The hardest part has undoubtedly passed on the market, but we must be patient, real estate cycles are long and the acquisition capacity of buyers is not is not fully restored.” Jonathan Le Corronc Clady, Vaucluse president and vice-president of the Southern Region of Fnaim, imagines better days than those experienced in recent months.“We are seeing some positive signs today with a slight increase in sales and falling rates.”
For the record, the market slowed down during the first six months of 2024 due to high interest and banks' refusal to lend. It experienced a slight recovery in the spring and summer, as buyers postponed their purchases to take advantage of the return of low rates.
According to Jonathan Le Corronc Clady, the real recovery is expected in 2025, when first-time buyers will regain real purchasing capacity. “This was notably impacted by the rise in interest rates and periods of political instability which were penalizing for our market, affected by a certain wait-and-see attitude.”
A drop in sales of 31% in three years
And the president emphasized that the production of credits has been divided by three in two years, suffering from the drop in sales in old and the fall in new. Although the situation has been recovering in recent months, it remains half as high as its highest levels. “That said, this recent development could be a sign of future stabilization.”
