Individuals who want to buy a new home will have a lot to do. The offer has literally melted in recent months and developers have very little property to sell. “With containment, there was a huge halt on permits and construction sites. All promoters have historically low inventory levels ”, warns Thibault Dutreix, general manager of the promoter Coffim.
Unable to pass building permits during the two months when the country stopped, the number of new projects plunged and supply is struggling to renew. License filings plummeted 45.8% from March to May compared to the previous three months, according to the Ministry of Housing. “It’s a huge hole and, above all, it’s unattainable“, Judge Franck Vignaud of the Laboratory of real estate.
At the end of May, there are still 80,000 new homes for sale
Alexandra François-Cuxac, President of the Federation of Real Estate Developers
In recent months, the supply of new housing has already been weak. The months before the municipal elections are never conducive to construction. The postponement of the second round