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Charles MARINAKIS (EDC 1985) Chairman, Century 21 France

12 April 2024 Interview
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Charles MARINAKIS (EDC 1985) President of Century 21 France, is optimistic about the real estate sector's emergence from the crisis. First-quarter figures show an increase in agency traffic, apartment visits and a fall in mortgage rates. Prices have also fallen, but supply remains insufficient. He predicts that prices will stabilize, with a slight drop of between 1% and 3%. However, the new-build market is in dire straits, and the real estate industry is in disarray.

To sum up:
πŸ’ͺ First-quarter figures show an increase in agency traffic and apartment visits.
πŸ’Ό Property loan rates have fallen, which is good news for the market.
πŸ“‰ Prices have also fallen, but supply remains insufficient.
🌍 Housing is a major challenge for society, for regional planning and for decarbonizing France.
🏒 The new-build market is in dire straits, and the real estate industry is in disarray.
🏦 The government is taking steps to support the sector, but regulatory and land constraints persist.
πŸ’ͺ The Century 21 agency network has shown strong resilience thanks to its rapid adaptation and local presence.

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