(Boursier.com) – Should point to a crisis for the real estate market is new? In the fourth quarter, net retail sales rebounded 14.6%, says the Federation of promoters (FPI), in a report released Wednesday. The recorded activity in the last three months of 2014 has saved the whole year, with sales up 3% compared to 2013 to stand at 76,580 units
In total. home sales (ordinary, service residences, “en bloc”) increased by 12.6% in the fourth quarter but fell by 0.3% throughout the year to stand at 102,819 units.
Measures that are bearing fruit
The rebound late in the year is due to the emergency measures taken by the government this summer, says the REIT. Since September, the device “Pinel” makes it possible to provide a tax cut to taxpayers investing in new, if they agree to rent their property. It shows the outline of its big brother, the “Duflot” but allows flexible lease terms, and offers a more favorable zoning. Result: net retail sales to investors jumped 21.7% in the fourth quarter. This rebound is more shy but “real” for transactions with individuals (+ 8.2%). Again, the award terms and conditions of interest-free loans have been revised in October to expand the distribution of the aid to first-time buyers of a new property.
The caution is …
The REIT, however, remains cautious, noting that “some downsides” remain. The auctioned ordinary housing remain inadequate and “below the volumes of the last six years” (-8.9% to 85,604 against 94,000 in 2013). In addition, home sales in residential services plunged 14.1% in the fourth quarter and 22.2% for the full year, mainly because of a tax “less incentive.” The promoters also alert on time of sale. Above all, the construction of new homes has reached its lowest level since 1997 last year.
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