Changes in the real estate sector are expected by 2023

The price of real estate is undecided between families and institutional investors. The BPCE Director of Economic Studies estimates an overall deflation of 3% for the year 2023. The government also wants to bring thermal colanders up to standard as soon as possible. They concern about 18% of the main homes, for a total of 5.2 million homes.

The year 2012 was the year of home loan facilitation, which blew up the market. The real estate interest rate has risen significantly for ten years, but is likely to decline in 2023. It took only a few months for the interest rate to return to its level towards the end of 2017. Big cities like Bordeaux and Lyon are the most deplorable in the real estate sector. A team of reporters led theirs survey in just under 150 municipalities, including the outskirts of Paris. He has identified the 2023 trends for the residential sector based on the evolution of the current situation.

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A confused market

Catella Residential Director Claude Cayla notes that:

Banks are closely monitoring the level of debt of customers, hard hit by the increase in the price of gas and the cost of living. This can be played for around one hundred euros a month.

Creditworthy borrowers have even been denied financing due to today’s regulatory constraints. Investors also pay the same price for wholesale and retail acquisitions, according to Claude Cayla.

The European Central Bank is trying to contain the surge and reduce deflation by raising the mortgage rate. This should fold and bounce the odds.

According to Lior Pardo, co-founder of the Investir dans Ancien platform:

Before starting, buyers now request a specific action plan, which indicates how to recover the energy classes.

These are therefore i thermal colanders, including the homes classified F and G, which are the main victims. The cost of renovations, when possible, can also vary from From 20,000 to 50,000 euros. The ranking of the best accommodation facilities will perhaps be the only one to be preserved.

The negotiations resume in Paris according to Lior Prado. They mainly concern second-rate homes such as attics, ground floors and depreciated apartments. However, the margin remains less than 5%he continues.

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An increasingly shorter real estate cycle

The boom in house sales, which can be observed from 2020 and during confinement, is gone. The 21st century speaks of a down by 7.9%. Transactions in Greater Paris declined in April and May and exploded again in March.

This acceleration of the market would be like a sprint before the end. Buyers were quick to finalize their purchase before the credits were frozen. See the balance sheet for the first six months of 2022 an average increase of 0.6 points of the interest rate. At the same time, loans to French banks exploded. The allocated credits therefore increased by:

  • A third of its volume for Crédit Lyonnais;
  • 21% within the Postal Bank;
  • 9% for the Caisse d’Epargne and Banque Populaire networks.

Deflation is also to be expected around the capital. The Housing Credit Observatory reports, however, a repayment period close to its limits, an average of 20 years and a few months. Century 21 detects the withdrawal of some customer profiles:

  • -2.3% for investors in one year, up to 18.6% in the French capital;
  • – 6.3% for fans of secondary housing.

Institutional investors are also reluctant.

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