'New buildings: building permits issued continue to decline in 2023'

The Ministry of Environmental Transformation released on Friday statistics on building permits issued for the period from October 2022 to September 2023. The number of new dwellings for which permits have been issued is declining, which is a concern for industry professionals.

Published on 10/30/2023 at 08:23. It will take 2 min to read.

"Nothing is happening, nothing, nothing.... We've hit rock bottom."

complained Pascal Boulanger, president of the Federation of Real Estate Developers, on Friday, October 27. New construction is suffering simultaneously from a strong decline in purchasing power and rising construction costs. We are in the middle of a crisis and rising interest rates are making the situation worse.

By 2025, 150,000 jobs could be destroyed in the real estate industry. Construction professionals are outraged at European Central Bank President Christine Lagarde. They see themselves, along with their families, as collateral victims of the policy''raising interest rates to fight inflation. Crisis feeds crisis, so to speak.