1st quarter: assessment of the real estate market

2023-04-01T06:38:50.805Z

It's April 1st, it's the end of the first quarter of the year, so it's time to take stock of the real estate market: "The transaction volume in 2023 will be lower than 2021 and 2022. 7% less in the first quarter."  according to  Yann  Jéhanno, president of La Forêt Immobilier.  The situation requires wisdom. Sellers must accept a price cut. Over three months, we are on a decline of 0.8% at the national level. Sellers must accept that they have made significant capital gains in recent years, they must agree to readjust prices to make their goods marketable." Buyers who have to deal with credit rates that continue to rise. And yes, banks authorized to lend at more than 4% at the beginning of April. Many tenants wait, postpone or see the dream of becoming a homeowner slip away." Tenants have difficulty becoming owners, banks require more and more contributions, regularly up to 15% of the amount borrowed. Finally, sellers and buyers face rules that are good for the planet, but difficult for the wallet. Thermal insulation work.  But hundreds of thousands of homes are classified F or G, and it has become mandatory to provide an energy audit when selling: list of works, estimated costs, written in black and white for the good information of buyers. We are going on work to gain in terms of energy, but this poses two problems: owners will have to finance this green transition with reductions in the selling price and buyers will have to find solutions to carry out work. The mandatory energy audit costs the seller: 1,000 euro.  And Europe wants to impose insulation work on owners before the sale otherwise they will be sanctioned with a discount corresponding to the costs of the work in 2030.