After two years of dynamic movement, rising inflation, mortgage rates and energy prices have begun a slow-down in the French housing market.
Estate agent network Orpi has observed, for example, that its sale numbers have returned to 2019 levels this year. However, Orpi’s president Guillaume Martinaud said: “Even if the number of buyers is declining, we will not be pressing the panic button. After two particularly dynamic years, we are observing a return to normal”.
In general, the number of sales completed in France in 2022 is still expected to top one million, after reaching 1.17 million in 2021.
Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.