Old real estate "will have recovered" in 2025, according to Fnaim

Fnaim expects an 11% rebound in the number of sales of existing homes in 2025 and is counting on a total of 940.000 transactions.

"The recovery is well established and well established," and 2025 will be "a year of recovery, this is confirmed today after several months of observation," commented Loïc Cantin.

In 2024, sales had fallen by 9%, after -22% in 2023, and prices had fallen by 2,1%, according to the Notaires-Insee benchmark index.

Prices of existing real estate had begun to rise faster than inflation in 2020, and now "the rates of increase in real estate prices and inflation are coming together," noted Loïc Cantin, who welcomes the "return to a balanced market."

The crisis will have caused 2.500 real estate agency failures in three years, according to the Altares firm, and the loss of 15.000 salaried jobs in two years, according to Urssaf.

The Fnaim remains concerned, however, about the state of the French rental market. "The housing crisis is upon us. (...) We have nothing to restore quality rental supply," Loïc Cantin emphasized.

Opposed from the start to rent control, he believes that it is a bad signal to want to perpetuate this experiment, which is supposed to end in November 2026, while the sector is seeking to attract new rental investors.

Left-wing parliamentarians tabled a bill last week to make this system permanent.

As for the energy decency rules that require owners to renovate their homes by 2028, if they are classified F in the energy performance diagnosis (DPE) in order to be able to rent them, Loïc Cantin is convinced that "we will not achieve the objectives in 30 months", deemed "too ambitious".

The main government aid for home energy renovations will also be suspended from Monday until mid-September. Given current budgetary constraints, it is unlikely that the MaPrimeRénov' program will see its budget increase in 2026 to support more homeowners.

Illustrative image of the article via Depositphotos.com.