French Realtors See 2021 Housing Slowdown as Covid Hits Economy
- Cautious French banks could be obstacle for market this year
- House prices expected to be stable this year, FNAIM says
Photographer: Fabrice Dimier/Bloomberg
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French real estate agents expect housing transactions to fall about 8% this year as economic uncertainty brought on by the coronavirus pandemic causes sellers to hesitate and makes it harder for some buyers to obtain financing.
Sales of existing homes in France are forecast to fall to 900,000, the lowest in five years, from 980,000 in 2020, according to data presented by national real estate federation FNAIM.