The FNAIM met with the press yesterday morning to convey their wishes for a happy new year 2018.
It was an opportunity to discuss the results of a satisfactory year 2017 before looking forward to the new year.
A year full of prospects, with real estate indicators in the “green.”
“In 2017, consumer confidence in the economic situation improved, returning to its 2008 level. The Department ranks 3rd among the most active French departments in terms of real estate sales for the year,” said Frédéric Pelou, President of the FNAIM of the Côte d’Azur.
The figures confirm it: in Nice, +12% in the number of sales 2017/2016, + 4% in price. Unsold stock remains stable. The situation mirrors that of 2008.
Similar trends in other areas of the department (between 9 >12% in volume, 3>4% in price).
Words of improvement and regained confidence at the dawn of 2018, a year already full of promises.
The market slowdown is “not anticipated” according to Frédéric Pelou. Only a possible price increase needs monitoring. Volumes should increase by around 2%.
The President indicates three indicators to monitor:
– the mortgage rates
– the consumer confidence index
– the employment level
For now, the indicators are green: the rates will remain low for some time to come; the economic recovery is here and is expected to last according to 2018 forecasts; unemployment is still too high, but the negative peak is behind us, and the trend is toward increasing employment.
The profession is therefore optimistic, and we know that optimism is contagious.
However, particular attention should be paid to “private” landlords who ensure most social housing in France. The fiscal and legislative treatment that will be imposed on them will need watching.
The FNAIM will participate, as the most representative union of the profession, in the Housing Consensus Conference currently held at the Senate, which will be included in the future ELAN project (Housing and Digital Development Evolution) scheduled for the first half of 2018.
It is confident that many of its proposals will be retained. Frédéric Pelou highlights how government interlocutors are attentive to professionals and wishes for legislative advances in the name of simplification and pragmatism.
