Employers are crushing government savings on construction

“We must not make bad savings,” said the president of Medef, Patrick Martin, during a press briefing at the International Market for Real Estate Professionals (Mipim), the leading global trade fair in the sector.

“The situation is really critical, and you all have in mind that to revive the situation, it is urgent, because the cycles are long,” declared the “boss of bosses”, particularly targeting the upcoming elimination of the niche Pinel tax, support for rental investment.

Patrick Martin castigated a "too exclusively budgetary and rather truncated reading of the situation" by the Ministry of the Economy, judging that the abolition of Pinel, planned for the end of 2024, would cause a shortfall in VAT almost twice as high as the 'State.

The real estate crisis also risks leading to job losses, and for public finances "as many fewer contributors and as many more compensations", feared Mr. Martin.

The president of the FPI, Pascal Boulanger, for his part judged the simplification measures, essentially technical, announced the day before by the Minister Delegate in charge of Housing, Guillaume Kasbarian, to be very insufficient.

“I said thank you for understanding the subject, because before, they denied it. Except that the measures taken, these are measures which to a very large extent (...) are on the offer, and that We, since November 2022, have had a huge problem, it’s demand,” said Pascal Boulanger.

“I cannot be president of a federation that is going to the wall and not react,” said Pascal Boulanger, furious, affirming that the members of his federation “are starting to talk to us about going to join the farmers” in the protestation.

“The President of the Republic obviously has two major axes: reindustrialization and full employment. There will be no reindustrialization or full employment without housing, without the sector,” added the president of Action Logement , Bruno Arcadipane, also criticizing the executive's savings measures on social housing.

Illustrative image of the article via Depositphotos.com.