Will this crisis cause the Bordeaux real estate market to explode? Real estate professionals warn of a social bomb in the making!

The current crisis is raising serious questions about the future of the Bordeaux real estate market. Industry professionals are sounding the alarm, warning of a potential social bomb in the making. Let’s take a look at what’s at stake and what’s on the horizon in these turbulent times.

An Economic and Political Storm

Many of Bordeaux’s real estate professionals are asking themselves the question: will this crisis cause the property market to explode? Meeting on June 14 at the fourth regional meeting of the Fédération nationale de l’immobilier (Fnaim) Aquitaine, they expressed their deep concern. Already faced with economic downturnthey are now navigating in the midst of political uncertainty.

Disillusionment with Public Policy

Professionals denounce a total stalemate. “The government had a housing bill, but nothing is moving forward,” said one speaker. In France, the 20% decline in building permits and the lack of financial support are a huge disappointment compared to the 18 billion euros allocated to the real estate sector in Germany.

A Direct Impact on the Local Economy

Visit Bordeaux real estate market is facing a worrying drop in building permits, down by 40-50% according to Christophe Noël, vice-president of the Aquitaine federation of property developers. This means a 50-60% decline for the building sector, a disastrous situation for the local economy.

Alarming social consequences

Loïc Cantin, president of Fnaim, recalled that several housing ministers have come and gone without finding viable solutions. This crisis is described as a ” social bomb “by industry experts. Meanwhile, French students and households continue to suffer.

Proposals on hold

Real estate managers deplore the fact that the various political platforms fail to provide concrete answers to the real estate crisis. housing crisis. Solutions seem insufficient, and building projects are often blocked by local and national policies.

An Uncertain Future

According to Delphine Detrieux, President of the Gironde Chamber of Notaries, the volume of real estate transactions fell by 25% in the first half of 2024. We’re witnessing a real regression to 2016 levels. The outlook therefore remains uncertain for the coming years.

• 🌊 Current status: Economic storm
• 📉 Construction: 50-60% decline
• 💣 Consequence: Social bomb
• 🏢 Market : Deep crisis
• 🛑 License: Total block
• 🇩🇪 Comparison: Germany proactive
• 📆 Solutions: Loss of earnings
• 🏚 Transactions : Decreasing
• 👷‍♂️ Building sites : Approved
• 🔄 Future: Uncertainty

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