The Federation of Real Estate Developers (FPI) is “impatiently” awaiting measures to revive their activity, which continued to plummet in the first quarter, its president Pascal Boulanger said on Thursday.
On June 5, the government must officially receive the proposals from the “housing” section of the National Council for Refoundation (CNR) and announce which ones it has chosen to submit them to the Elysée. “We absolutely need emergency measures,” said Pascal Boulanger during a press video conference. “We are impatiently awaiting, on June 5, the conclusions of the work of the CNR Logement”.
“If this CNR has been postponed (the presentation of the proposals was initially to take place at the beginning of May, editor’s note), I hope, and I believe I know, that it is to bring better measures than those which had been planned”, a- he added. “We will resume our freedom of speech just at the exit of the CNR if the mountain gives birth to a mouse”, he nevertheless warned.
New housing construction has collapsed in recent months, a victim of rising construction costs and increased difficulties in accessing credit.
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Rising prices
In the first quarter, the employers’ organization recorded 21,000 sales, 27.4% less than a year earlier. In new real estate, unlike in old buildings, a drop in demand does not necessarily result in a drop in selling prices, as these are strongly correlated to the cost of building sites. The sale prices of new apartments thus rose by 5.9%, according to the REIT (1.1% in Île-de-France and 7.6% elsewhere).
The share of investors in the purchasers of new programs has melted, underlines the REIT, going from about half to a third in a few years.
“However, the latter contribute very largely to the launch of the programs, by positioning themselves earlier than the buyers”, underlines the federation, which explains their withdrawal by the evolution of the tax loopholes, in particular the Pinel device, less incentive.
The new housing crisis does not yet threaten the activity of developers and employment in companies, said Pascal Boulanger, as they still have a sufficient stock of housing to sell. ” It is not yet too late. Don’t let it drag on,” he said.
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