New mortgage rules could mean fewer new houses

Instructions from the Banque de France to banks to tighten lending conditions for home loans may dampen the market in 2020

The number of new homes built in France fell last year and a clampdown on mortgages looks set to reduce the figure again – despite unemployment falling and the economy growing.

There was a 2.3% fall in the number of permis de construire for individual houses, flats and lotissements (housing estates) in 2019, with 449,400 permits issued, government figures show. The figure is boosted by high figures for December, compared to 2018, when projects ground to a halt due to the gilets ...

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