Sotheby's International Realty
- 138 Avenue Victor Hugo
- 75116 PARIS, France
- +33 1 40 60 50 00
Sotheby's International Realty
- 50 rue d'Auteuil
- 75016 PARIS, France
- +33 1 56 26 56 55
Sotheby's International Realty
- 82 Avenue de Wagram
- 75017 PARIS, France
- +33 1 46 22 27 27
Sotheby's International Realty
- Place Sainte Foy - 2 Rue de Chézy
- 92200 NEUILLY, France
- +33 1 41 43 06 46
Sotheby's International Realty
- Place Sainte Foy - 2 rue de Chézy
- 92200 NEUILLY, France
- +33 1 41 25 00 00
Sotheby's International Realty
- 37-39 rue de Turenne
- 75003 PARIS, France
- +33 1 48 87 14 41
Sotheby's International Realty
- 14 rue de Charonne
- 75011 PARIS, France
- +33 1 43 38 07 47
Real estate: prices, credit... what developments to expect?
CAPITAL
A certain stability of prices
The forecasts announced a fall of 20 to 25% in real estate prices, which seems derisory compared to the current declines which remain limited to 3 or 4%. Due to a period of strong growth over the last five years, prices are expected to stabilize and will not be able to rise in the face of the Covid crisis without falling. The coast of the cities could collapse by 10 to 15%, nevertheless, the credit rate still allows to avoid a relapse.
The conditions for access to credit are stricter
Despite a slight increase in credits, up 0.15 points on exiting the confinement, they remain inexpensive. However, one thing has become more complex: access to loans. In fact, between the limitations on indebtedness, the minimum addition of savings and the search for a secure profile in the face of rising unemployment, the number of loans not granted increased by 10% this year.
Constant rents
Rents are expected to remain stable and are unlikely to increase in the vast majority of cities. New regulations regarding rentals and re-rentals to the benefit of tenants. In addition, the situation allows landlords to have a loyal profile who will not look for other rentals out of caution, allowing them to reduce their vacancy costs.
Real estate prices remain stable
As mentioned earlier, property prices have been rising for the past 5 years, and the conditions for buying, however, one problem remains, that of housing.
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