Thanks to the “supply shock”, real estate prices avoid heat stroke

HOUSING – By promising 8,000 new homes in two years, the city has found the perfect solution against the crisis, rejoices a developer representative

In recent months, the prices of homes for purchase have skyrocketed. Montpelier (Hérault), where the Salon de l’immovable, this weekend, at the Parc des expositions, is no exception. According to a study of the Best Agents platform, published on September 6, while interest rates are tightening, house prices have increased by 5.7% in one year in the Hérault capital, where prices have always been very high. However, the increase is less strong than in 2021. Between September 2020 and September 2021 it was 8.6%.

The severe shortage of goods for sale, which hits the metropolis hard, is directly in question. In an attempt to control this real estate panic, last February, Michaël Delafosse (PS), mayor and president of the Montpellier metropolitan area, played the “supply shock” card, announcing the creation of “8,000 new homes [neufs] during the next two years in ZAC (zones of concerted development)”. A promise guaranteed thanks to numerous land acquisition operations, piloted by Serm and SA3M, the two community development companies.

“auspicious”

“I challenge a territory to have such a proactive strategy,” he rejoiced (…) Read more in 20 minutes

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