Real estate crisis: French have lost 25% of purchasing power in 18 months - CEO warns | Blog

Real estate crisis: French have lost 25% of purchasing power in 18 months - CEO warns

Published 20/11/2023 09:55:55

Video length: 12 min

The real estate market crisis: 'The French have lost about 25% of their purchasing power in 18 months', warns Véronique Bedag, CEO of Nexity

Véronique Bedag, CEO of real estate conglomerate Nexity, spoke on the "4 Truths" program on France 2 on Monday, November 20. - France 2 France Télévision

Véronique Bedag was a guest on the "4 Truths" program on France 2 channel on Monday. The real estate crisis that France is suffering from is of an "unparalleled brutal" nature.

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"It affects all new entrants (...) and at the moment there are virtually no solutions for them," notes Véronique Bedag, head of real estate' 'more stressful than the current one,' estimates Nexity head.

The future also seems bleak in the construction industry. "I think there will be layoffs. We estimate these layoffs at about 300,000 people in the entire real estate industry," asserts Veronique Bedag.