Real estate: production of new dry breakdown housing

The commercial offer remains a third below its level before the pandemic. In question, the rise in prices, but also the reluctance of mayors to issue building permits.

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Real estate developers do not hide their concern in the face of the collapse of the number of new housing sales: they dropped 20.2 % in the first quarter, compared to the same period of 2021. As for reservations, they are also down (29,628 against 37,139 a year earlier). It is not a lack of demand, but a commercial offer that cannot be renewed and remains a third below its level of 2018 or 2019. Stocks are founding and promoters sell in Record deadlines, 7.7 months on average, against 11 or 12 usually.

“The engine holds, lack of petrol !, sums up Pascal Boulanger, president of the federation of real estate developers (FPI). We have never sold so little since 2012, the volume of projects has never been so Low and institutional customers, investors, social landlords, have reduced their purchases, for lack of projects. The number of housing sold in block is, down 31 %, while that of unit sales, to owners occupying , decreases by 8.3 %, “he said.

Social landlords also find it difficult to bring out projects. “There were 104,800 approvals in 2021, while the minister was waiting for 120,000, and not all will be used because the increase in construction costs or certain unsuccessful tenders prevent the construction sites, and I Anticipates even fewer operations in 2022 “, details Marcel Rogemont, president of the Federation of Public Housing Offices.

Inflation and the rise in material prices – tiles, tiles, metals, wood, pvc, glass, insulation, plaster, painting, glue, adhesive … -, exacerbated by international tensions on energy prices , indeed make the construction costs of 15 % to 20 %, resulting in increased the final price, for the buyer, from 7 % to 10 %.

Another brake on construction is increasingly limited access to credit, whose rates and insurance costs are increasing. The solvency of buyers is already weakened by an ever more expensive new square meter: on average of 4,524 euros in the region, or + 5.8 % compared to 2021, and 5,573 euros in Ile-de-France ( + 3 , 4 %), where, however, a certain ceiling seems to be reached, according to certain advertisements offering, for example, a kitchen or the costs of notaries.

Even more worrying, for the FPI, is the reluctance of mayors to issue building permits. However, these authorizations were well, in the first quarter, experienced a burst, at 134,400, or 25 % better than in 2021, which then welcomed the Minister of Housing, Emmanuelle Wargon. “But this increase is artificial, because supplied by a peak of permit requests made at the end of 2021, before entry into force, the 1 er January 2022, of the new environmental regulations, called re2020, well More demanding, prognostic M. Boulanger. From the second and third quarters, the figure will fall back. “

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/Media reports.