As every quarter, the FNAIM (National Federation of Real Estate) brought together the press to discuss the figures and their evolution in the Alpes-Maritimes. To keep in mind, a slight decrease in figures and a moderate recovery in activity.
The real estate market is struggling, but that’s nothing new. The supply is abundant, but demand is slow to pick up. The reason is the very high prices of real estate. However, in the Alpes-Maritimes department and particularly in Nice, prices are decreasing: -1.6% between the second quarter of 2013 and that of 2014. The square meter is negotiated at €4,111 against €4,177 in 2013.
The other factor is on the buyers’ side, who are more motivated to finalize the purchase of the property. The sales period (number of days between the signing of the mandate and the signing of the sale) decreased from 134 days to 97 days in the period from the 2nd quarter of 2013 to the 2nd quarter of 2014, a sign according to Frédéric Pelou, president of FNAIM Côte-d’Azur.
The ALUR law is causing doubts in the profession
The ALUR law (Access to Housing and Renovated Urbanism) enacted in the Official Journal last March 26 is crystallizing tensions between the profession and the Government.
The FNAIM, the first trade union organization of real estate professionals in France with nearly 12,000 companies, regrets the complication of concluding real estate transactions and a longer delay due to a procedure that requires administrative burdens.
“An irony for a law supposed to simplify relations between us, the professionals, and potential clients,” regrets Frédéric Pelou.
The president of the FNAIM, Jean-François Buet, notably sent a letter to the Minister of Housing, Sylvia Pinel, to alert her to the consequences of this ALUR law.
Real estate professionals are still waiting for three decrees promised by the Government regarding rent controls, the National Council of Transactions and Tenant Management, and rental fees.
In principle, they should be enacted within approximately ten days. An important deadline to provide clients and operators with a stable framework for making decisions.
Clément Bigois
