Century 21 evokes a “miraculous” real estate market in 2020

    Century 21 evokes a “miraculous” real estate market in 2020

    Like other networks of real estate agencies, Century 21 announced this Monday its assessment of the year on the French real estate market in France. Its president, Laurent Vimont, therefore held his press conference by videoconference because of health constraints.

    “#If we take stock of the number of weeks we have been confined, we arrive at 12 weeks in hard confinement and four weeks in lighter confinement. This represents 25% of a year’s time. Arithmetically, we should have recorded 25% fewer transactions. Nothing happened since the number of sales at the national level fell by only 12.1% in the network, ”noted Laurent Vimont.

    The network therefore emphasizes that, “compared to other economic sectors, the real estate market of the old is miraculous”. He notes that a catching-up phenomenon was observed during the months following the 1st deconfinement, when the projects put on hold in March were added to those which emerged during these eight weeks. Subsequently, the months of June and July were then record months in terms of activity. “I’ve been in this business for 35 years. I had never seen such a euphoric, I would say frenetic market. June-#July, it’s an incredible thing, ”underlined Laurent Vimont.

    Due to the lack of closure of schools and public services, such a retention phenomenon was not observed during the second confinement. “The vast majority of French people continued to work, sales initiated before the end of October were successful – compromises can be signed – the congestion was therefore less important”, indicates the network.

    Century 21 evokes a “miraculous” real estate market in 2020

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