Emmanuel Macron and real estate

The housing sector is in crisis: interest rates are rising sharply and the market has come to a near standstill... But there's no panic at the top of the state yet. Why? A top executive official explains: this slowdown is probably a problem for real estate developers, but it's good for the French. Because housing prices are finally coming down, this interlocutor tells us. This makes them more affordable. Basically, I translate: it was necessary to put an end to the speculative bubble, prices could not rise indefinitely...

This vision is not wrong from a global perspective, but from an individual perspective, it's a different story. People are not paying cash. As a result, it is difficult for them to get credit, and the entire economy of the sector''suffers ... For Emmanuel Macron, real estate is about profitability.

However, this explains why the government doesn't panic when the housing sector goes into the red. Less construction, few transactions, less taxes for societies, sellers hesitate, customers hesitate.... The government does make some adjustments to revive''Macron real estate has lost its appeal.