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Second homes: the sustained increase in post-Covid demand in the face of the sharp rise in rates excludes 1 out of 2 previously financeable projects

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To Bat info source: Pretto via Convictions
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After a strong post-covid increase (+37%), demand only fell by 10% despite the rise in rates. While demand is still strong, the financeability of these projects is down sharply with the rise in rates, beyond the other types of projects (main residences, rental investment), excluding nearly 1 project out of 2.