Real estate market crisis: Bouygues hopes to have "hit the bottom of the pool"

"What we believe is that we have hit rock bottom, that is to say that we have stopped falling," Mr Roussat declared on France Inter on Saturday morning.

"On the other hand, recovery, (...) requires confidence and stability," he added, noting, from this point of view, the drop in interest rates, but deploring the political instability.

Last spring, his group "had the feeling of having reached the turning point and of having a market that was getting ready to take off again. And then we had our whole period of instability in the second half of the year, between all our political events which still don't give a lot of confidence to the various buyers," he added.

After the dissolution of the National Assembly, the announcements of tax increases made in recent months in an attempt to reduce deficits, "these are things which do not reassure first-time buyers, who do not really know where they are going to go," continued Mr. Roussat.

"We need stability, because this stability gives confidence and allows us to get going again," insisted Mr. Roussat, before concluding: "I hope that we have found the inflection point, that we are well at the bottom of the pool."