Workers on a construction site (Illustration) -

F. Binacchi / ANP / 20 Minutes

  • The production of new housing has fallen sharply in the Alpes-Maritimes.

  • This situation, caused in particular by the coronavirus pandemic, is boosting the old market.

The stoppage of construction sites due to the Covid-19 pandemic has put the new real estate market in the department under pressure.

This is the alert recently launched by professionals in the sector in the Alpes-Maritimes.

"All the more so since there was already a structural crisis in the supply", supported a few days ago Jean-Marie Ebel, president of the Housing Real Estate Observatory of the Chamber of Commerce and Industry. Nice Côte d'Azur.

The stock of available apartments has fallen significantly

Due, in particular to the health crisis, a "significant drop of -37% in the volume of sales was recorded in the first half of the year compared to the first six months of 2020", explains the manager, specifying that he this is the “lowest level recorded in ten years”.

At the same time, the stock of available apartments and the number of sales fell by -19% and -15%.

Construction professionals, who should be very active in the affected valleys, also see other explanations for this situation.

And in particular "the lengthening of the deadlines for obtaining building permits or the multiplication of contentious appeals".

The old market takes advantage

With this tension of the new, the transactions of old housing are pushed.

"We are almost alone on the market at the moment so the dynamic is there," explains Cyril Messika, president of the National Federation of Estate Agents in the Alpes-Maritimes.

Dynamic before confinement, the market is again since deconfinement.

"

Prices have also increased by 5% over the first six months of the year.

The average price per square meter in the department in the first half of the year was € 4,214.

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  • Covid 19

  • Coronavirus

  • Housing

  • Immovable

  • Nice