Weekly Nationwide Real Estate News Articles
Since peaking in August 2021 at over 1.2 million acquisitions over a rolling year , volumes have collapsed. “By the top of 2023, we should see between 900,000 and 950,000 transactions in a single year,” predicted Frédéric Violeau, a notary in Caen and head of national real estate statistics on the Conseil Supérieur du Notariat. With 300,000 fewer transactions per yr, the market would have contracted by a quarter. After years of increase, the property market is now experiencing a pointy downturn in transactions, as a result of rise in lending rates, in addition …
