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Backlash on the Nantes real estate market

Toops is that too much? Long boosted by its demographic and economic dynamism, Nantes real estate is going into reverse after several years of price increases. Some professionals even speak of a “crisis”, while real estate agencies are closing up shop. “Initially, this change in climate resulted in a violent and rapid drop in the number of transactions, penalized by the rise in interest rates slowing access to financing”explains Jean-Charles de Veyrac, president of the Loire-Atlantique chamber of notaries. “Since April, the market has slowed down considerably, and the flow of buyers has gradually dried up. Like the smallest responses received by email or telephone for any new advert published online”confirms Christine Maison, from…

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