2018 is shaping up to be a good year for the real estate market: the number of transactions is estimated to be +12% compared to 2018, which had been a very successful year.
After a difficult period (the 2 years under the Duflot Ministry were a real challenge for professionals!), even Frédéric Pelou, the president of FNAIM,* is obliged to show a smile, as he usually sees the glass half empty!
Prices remain stabilized (4192 euros per square meter in the first quarter; 4288 euros over one year with a variation of 0.97% in Nice), with similar figures in other regions (Cannes 4921 euros, +1.61%; Antibes 4403 euros, +0.05%; Menton 4699 euros, +2.72%).
According to FNAIM professionals, there is even a return of foreign investors, attracted by France’s good (current) political image. It’s curious but good news.
Regarding the Elan law under discussion in parliament, the professional organization wishes for the need to streamline and simplify the market through the digitization of documents and electronic signatures to be considered (Fnaim is already active through Fnaim legal, which would make interaction with a fragmented clientele easier: the national average of properties per rental landlord is 1.2. “In the department it’s a bit better, but we don’t reach 1.5%,” confirms Frédéric Pelou.
The rental market is still a sensitive area: it is difficult to find a fair balance between the return on capital invested by the landlord and the rent levels that must correspond to the purchasing power of the tenants.
Finding the golden formula is not easy at all: Fnaim proposes the adoption of an adapted fiscal status for private landlords if they commit to moderating rents.
The debate continues…
