A great finish of 2019 for actual property in Normandy, first quarter for 2020, till the well being disaster knocks on the door in mid-March. Delegate of the Chamber of Notaries in Seine-Maritime, notary at Déville-lès-Rouen, Me Eric Rungeard scans the horizon, like all his Norman colleagues, with a glance centered on the ’Eure and the Seine-Maritime (350 notaries are at work there).
The state of affairs is first appreciated by wanting again. “We had a good rhythm on the finish 2019, with a major transaction quantity, describes Me Eric Rungeard. The start of the 12 months 2020 was in the identical vein, once more with plenty of dynamism, if we take away the second half of March clearly. Low rates of interest, contained costs, loans granted with out contribution by banks, over a median interval of 25 years : that is the photograph of the start of the 12 months. The draw back is that banks have began to take a more in-depth have a look at the debt ranges of householders, 33 % being a restrict whereas 37 % have been generally noticed, affecting family money stream. After which, after March 17, every part modified. ”
Normandy comparatively preserved
As of the introduced confinement, no extra visits have been allowed for sellers as for patrons, for house owners searching for tenants … “We’ve acquired acts in progress, we’ve finalized gross sales compromises or shifted some in comparison with deliberate strikes. The work of actual property brokers has stopped …, continues the notary. By the way, gross sales not made in April, given the deadlines, can be onerous to do in July. After two and a half months of confinement, we anticipate 90 % much less gross sales compromise in comparison with the identical interval final 12 months. “
However the consultant of the notaries additionally needs to place the state of affairs into perspective, highlighting a Normandy much less affected than different metropolitan areas. “This Normandy shows costs in a medium-low vary in comparison with the remainder of France, with an actual property market primarily pushed by homes. Since Could 11, marking the start of deconfinement, this exercise across the homes has been vital. And because the climate was wonderful, Normandy knew, is aware of, a revival of exercise, carried by its attractiveness. The French realized that it was simpler to stay with a bit of backyard, a balcony or a terrace. Within the metropolis, in fact, but additionally turning resolutely to the countryside, searching for extra consolation. Normandy additionally has an actual card to play in supporting them of their challenge. ”
Essential properties and second properties are significantly wanted, Rouen and at Haven particularly. “The paradox is that the poor rail hyperlink between Paris, Rouen and Le Havre makes Rouen and Le Havre engaging!, quips the notary. As a result of property costs stay steady, in contrast to what occurred for Lille with the TGV connection. Out of the blue, traders seem, typically from the Paris area, who wish to purchase to lease, with a price of return among the many greatest in France. In passing, the notary confided that the hearth at Lubrizol had no affect on property within the Rouen conurbation. Be aware that if the “Parisians” are eyeing Normandy, requests, particularly for homes, “Additionally clearly concern the Normans who’re searching for a greater high quality of life, the well being episode having left their mark on them”.
Normandy can be engaging as a result of “It has hardly skilled any actual property acquire up to now ten years, provides the delegate of Seine-Maritime. The traditionally steady marketplace for years, with costs in relation to buying energy, is sustaining this development in the interim. “
Charges go up
However this market can evolve, figuring out already that charges are going up. “From 1.15 % / 1.20 % over 20 years finish 2019, we go at the moment to 1.75 % and even 2 %. And if costs are going to stay average, banks are taking a more in-depth have a look at mortgage requests, relay Sophie Bartoli, notary in the identical research as Eric Rungeard. Some information that handed earlier than the disaster now not go at the moment. The banks are extra attentive ”. You must even anticipate “To disillusionment, with better strain from the banks on the information, on the accounts and the ensures offered by the purchasers”.
The well being context may also be measured firstly of the brand new college 12 months, with corporations and subsequently staff who’ve suffered, who may postpone their initiatives. In the present day, actual property is anticipating. The extra patrons there are, the extra items can be available on the market and the extra costs will fall, round autumn or winter 2020. For the second, there are extra potential patrons than items available on the market.
The Eure rush
Since Could 11, actual property brokers have been at a loss, particularly within the Eure. So,
Aurélie Blanchard, supervisor of the Plaza company, place d'Evreux in
Vernon, confirms the return of Parisians. She believes that the second metropolis of the Eure division, situated about an hour from Paris, has an actual card to play.
“For a number of months, we had noticed a decline out there for second properties in Vernon and all through the Eure valley. Now all these properties, whose common worth is round 400 000 €, are significantly wanted by a clientele of Parisians, from CSP + (increased socio-professional classes, Editor's observe) for a rental request, initially, with the intention of constructing an acquisition afterwards ”. Normandy’s proximity to the capital ought to respect much more within the months to come back.
“In case you examine the Parisian crown after which the Normandy countryside, we’ve costs which might be the alternative. However at the moment with the event of telework and proximity to a area the place costs are crucial, it isn’t us who will expertise the best difficulties, that’s sure. “
A home, an residence with a room to work …
For SeLoger, which carried out two waves of survey on the true property morale of the French , throughout and after the confinement, the market ought to return to its pre-crisis stage throughout the 12 months. However patrons' priorities have now modified.
75% are assured within the end result of their challenge. Regardless of disaster,
“The restoration is there and the boldness of patrons within the realization of their challenge, whether or not it was initiated earlier than or after the disaster, can be”.
25% plan to purchase in a small city. Cities with lower than 20,000 inhabitants curiosity 25% of future patrons, and 13% goal the countryside. We’re nonetheless removed from the city exodus.
47% are searching for a home. Throughout the confinement, searches with the phrase “home” had progressed significantly, and the day after the deconfinement, the patrons' urge for food for this kind of property clearly didn’t lower. 47% of future patrons are searching for a home, in comparison with 27% searching for an residence. In all instances, 24% of future house owners need an remoted room for teleworking.
20% will increase the floor space of their lodging. After two months locked up, the French folks clearly need house. 20% of patrons have elevated the floor space of their future housing. Nevertheless, whether or not it’s as a result of they wish to be nearer to metropolitan areas or as a result of their buying energy has decreased, 13% of patrons plan to scale back the floor space of their housing quite the opposite.
14% make the presence of an outside house a necessary criterion. Terraces, balconies, gardens and different out of doors areas have gotten a precedence and logically drive up costs.
39% assume it's time to turn into a home-owner.
49% assume actual property costs will go down.
On-line research carried out from Could 14 to 18, 2020, on a complete base of four,259 respondents: house owners, future patrons, sellers, lessors, rental traders and tenants in France.
At Normand Immo, morale and clients discovered
Actual property brokers discover their purchasers, and visits resume.
Normand Immo, created fifteen years in the past at
Elbeuf, has 24 staff unfold throughout its places of work in Elbeuf (headquarters),
Rouen. Like all of their fellow actual property brokers,
Allisson Bellanger and
Emeric chupin closed store on the time of containment.
“A blow as a result of the businesses have been growing effectively, with stage of gross sales of residences, homes, leases …”
For 2 months, 80% of the company exercise was stopped. Solely rental and administration companies have been maintained.
“No go to has been scheduled, in fact, no scheduled assembly. General, we did 35 % of what we often do when it comes to exercise “, specify the 2 brokers.
Since Could 11, visits have resumed,
“On the very backside … We’ve relaunched our pending contacts, however they’ve additionally relaunched us, as a result of many information have been pending”, add Allisson Bellanger and Emeric Chupin. In abstract, sellers are all the time able to promote and patrons are prepared to purchase,
“Particularly because the specialised banking companies (actual property advisers) have additionally returned to service”
Extra demanding clients searching for consolation
“It’s plenty of requests however not all the time the presents to face, the brokers observe.
Are in nice demand particularly, on the town, small surfaces, studios …, typically with balcony, terrace, with out forgetting the homes with backyard. Prospects grew to become extra demanding after the confinement, abandoning the concept of ”typical”, “previous” items, particularly in Rouen, preferring new or nearly new properties. “
If the approaching weeks are approached comparatively calmly, actual property brokers (like notaries) are questioning concerning the begin of the brand new college 12 months in September.
“The banks have lent quite a bit to companies. They might discover it troublesome to observe for people. ”
The attractiveness of Normandy, and Rouen particularly, can be confirmed when it comes to Parisian demand. However Rouen isn’t remoted. By the ocean already final 12 months,
Olivier Be a part of, on the head of Be a part of Immobilier since 2002, stated that
“For 2 years now, we’ve had an more and more massive Parisian clientele, each in main and secondary residences. Some go away the Paris area to come back and settle within the Dieppe area. As a predominant residence, Parisians are interested in Dieppe intramural; that is much less true in highschool the place persons are extra interested in the seaside and never essentially to the town middle. “