One of the most important real crises of modern society
The real crisis: tax breaks are not a cure for all ills. The Real Crisis: Tax breaks are not a cure for all ills.

Published on 27/10/2023 at 6:20 pm The number of building permits issued has fallen by 28%.

luzulee / stock.adobe.com

ANALYSIS - The construction and housing industries are in crisis.

Despite significant government support, which MPs want to strengthen and''Professionals, how useful is this?

This is another figure reflecting the crisis that is raging in the real estate market in France.

The number of building permits issued has plummeted by 28.3% in a year.

After a very poor 2022, when new residential sales fell by 22%, according to the Federation of Property Developers (FPI), 2023 is confirmed as a disastrous year.

By the end of August, sales were down 30.8% year-on-year.

Industry representatives predict the market will shrink by 80,000 residential units in 2023, meaning the market will be split in half in two years.

All participants in the housing market, from developers to builders, estate agents and the sector''social housing, have banded together to form the Alliance for Housing and are demanding 'urgent action' from the government.

Officially, the government has said it understands their concerns and is going to act. But so far it's not happening.

Professionals believe...

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