Carole Ferry 9:30 a.m., June 29, 2022

The real estate sector is expecting a slowdown this year.

While activity has experienced exceptional growth in recent years, the current context seems much less favorable.

All the members of the National Real Estate Federation (FNAIM) generated a turnover of around 5 billion euros and carried out around 250,000 housing transactions in 2021.

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Inflation, rising interest rates… The French are much less inclined to embark on a new purchase.

This is at least what emerges from the latest survey carried out by the FNAIM.

When we ask the French if they think that this year is a good year for buying, they are only 31% to answer positively against nearly 60% last year.

It's almost half as much.

A shrinking market

There are significantly fewer buyers, especially first-time buyers, those making their first purchase.

Result: the FNAIM anticipates a drop in transactions of 9% this year compared to last year, which represents 100,000 fewer sales.

And this has a direct impact on the rental market because, when fewer French people buy, it is more French people who stay in rental, and therefore a market which is sclerotic.

Migration to medium cities

It's worse for the second home market which, after experiencing a boom, is collapsing today, with a drop of 20 points in activity.

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On the other hand, the movement of migration to medium-sized towns continues and can be seen in prices.

While they are falling in the metropolises, - 0.3% for example in Lyon and even - 2% in Paris, they explode in the smaller towns: +12% in Brest, +13% in Paux or even +15% in La Rochelle.