A new cycle in the real estate market (Yann Jeannot, president of Laforêt)

Новый цикл в рынке недвижимости (Ян Жанно, президент Laforêt)

The president of Laforêt, Yann Jeanneau, says we have 6-9 months to adapt to the new real estate market conditions and recover. He states that "the madness we were experiencing is behind us and we are seeing a return to normality. "

The franchise president also assessed his network's performance through the third quarter of 2023. He notes slowing demand for homes (down 15% nationally for the 12 months through September 2023) and sales taking longer to complete, causing transaction volume to drop 15% nationally.

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In addition, Jeanneau notes that real estate buyers are now making acquisitions primarily for their life projects rather than for comfort. He also''taxes. He also suggests several measures that could help the real estate market recover, such as changing loan terms for first-time buyers, creating private landlord status with fiscal advantages, and making greater use of the housing renovation program. He also notes that the real estate market is going through a period of normalization after several years of strong growth.