Emmanuel Macron calls for a “double shock”, including a “simplification and reduction of delays” in construction, to respond to the housing crisis in France.
In my eyes, we need a double shock. First a simplification and a reduction in the time to produce new housing, he said in an interview with the weekly Challenges posted Wednesday evening.
Then, look at how to develop a lot more intermediate rental housing to lower prices, because the housing crisis is there, he adds, without elaborating.
The Head of State also recommends supporting the construction of housing in areas where there is pressure on employment, noting that the lack of housing and its cost is one of the brakes on returning to employment.
And he calls for concerted action, via a conference of parties, stressing that we can (not) expect everything from government reform.
Restricted access to credit
The housing crisis is due in particular to a rise in property rates and more restricted access to credit. In the wake of the war in Ukraine, construction costs have also skyrocketed for developers and builders.
You also have mayors, placed at the head of large cities, who no longer want to build, also underlines the Head of State.
Emmanuel Macron also deplores an inefficient system of public overspending. The truth is that we have a lot of help and we have created a paradise for real estate investors, he says.
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But it is not at the heart of the crisis that you have to remove the engine and rebuild it, he nevertheless observes.
The number of building permits has been falling steadily since August, prompting increasingly urgent calls from the housing world for action by the authorities.
Prime Minister Elisabeth Borne already announced at the end of April an extension beyond 2023 of the zero rate loan, which allows buyers under certain conditions to borrow to finance the purchase of their main residence.
Soft mortgage, interest deduction… These solutions to fight against the housing crisis
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