2023-10-28 09:00:00
INVESTIGATION – After prosperous years, it is time for a diet for these professionals, a significant part of whose activity depends on the good health of the real estate market. Without catastrophism, “there is concern”, confess several notaries.
«Since August, my partners and I have stopped paying each other. The study’s cash flow does not allow us to do so“. In this notary office in an upscale corner of western Paris, the atmosphere is gloomy. No wonder: in recent months, the rise in rates and the fall in transactions have caused activity to collapse. The accounts are affected: “All things considered, to date, our turnover has fallen by 25% over one year, and our profits have been flattened.», sighs an associate, on condition of anonymity. The decline in real estate activity is even stronger. To absorb the shock, five voluntary departures were not replaced and hiring was stopped. It may be necessary to go further:Today, we are proposing a conventional termination to an employee. We wait to see how he responds», breathes this notary.
This study is far from being an isolated case: alongside craftsmen, construction professionals and other agents, notaries are bearing the brunt of the real estate crisis. After years of success, the party is over…
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