
The troubled real estate market
“The real estate market is suffering”, warns Henry Buzy-Cazaux, founding president of the Institut du Management des Services Immobiliers (IMSI), in Capital on 17 April: over the last twelve months, purchases of new and old housing have fallen by 30% , just like construction, which is supposed to increase and renew the stock.
This scenario is a serious threat to employment in the sector, which is the first in the economy with two million direct and indirect jobs, and also to public revenue, of which real estate is one of the main forms of resources. With the needs of households not being satisfied, this creates a social risk and a brake on their mobility.



