The real estate market is in deep sorrow

Now real estate levels remain significantly higher than they were in 2008, just after the sub-prime crisis. However, the market slowdown is already raising serious concerns. It's a downhill slide.

According to the Century XXI network of agencies, the number of real estate transactions decreased by 14.1% from the first half of 2022 to the first half of 2023.

Of course, prices are on the decline, but they are not yet low enough to offset the sharp rise in lending costs. The construction sector is also struggling: from September 2022 to August 2023, France