why prices could drop in big cities

Difficulties in accessing credit, inflation… while the purchasing power of individuals is in trouble, what is the state of the real estate market at the end of the year? To take stock of sales and prices on old properties, “Le Grand rendez-vous de l’immobilier” (Capital / Radio immo) received Jean-Marc Torrollion, president of the National Federation of Real Estate Agents (Fnaim).

According to the head of Fnaim, sales of old houses remained high until the end of August. Good health that is also reflected in prices: the Fnaim observes an increase of 6.5% in the prices of old housing during the first eight months of the year compared to the same period of the previous year. However, due to economic conditions, the market may slow down. “We are probably moving towards a more selective market, with price reductions in the big cities”, observes Jean-Marc Torrollion.

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The president of the Fnaim also points the finger at the new regulations that weigh, and will continue to weigh, on thermal sieves: the famous houses with an energy label classified F and G whose landlords can no longer increase rents and which will soon be prohibited from renting if they are not updated. According to Jean-Marc Torrollion, hundreds of thousands of homes could be taken out of rent and put up for sale (…)

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