The Chinese giant Evergrande fined 532 million euros for fraud

The Chinese giant Evergrande fined 532 million euros for fraud

The descent into hell continues. Chinese businessman Evergrande, with astronomical debt and who has become a symbol in China of the real estate crisis, has been fined 532 million euros for infringements, the stock market regulator announced on Friday (May 31). The failures of the group, formerly number one in the real estate sector in … Read more

Real Estate: The Descent Into Hell Continues for the Construction Sector

Real Estate: The Descent Into Hell Continues for the Construction Sector

The number of building permits continued to decline in June in France, hitting a record low since at least 2015, according to provisional data published on Tuesday 30 July by the Ministry of Ecological Transition. Between July 2023 and June 2024, 347,900 housing units were registered authorized for construction or 15.3% less than the previous … Read more

These are the cities where property taxes weigh heavily on household budgets

These are the cities where property taxes weigh heavily on household budgets

Landlords are starting to get used to it. Property tax goes up are once again undergoing an increase. After an increase of 3.4% in 2022 and 7.1% in 2023, this local tax will further increase by 3.9% in 2024, The FSL company reports this specialized in territorial data. “Beyond the interest rates rising since spring … Read more

Legislative: Real estate sector fears going back to square one

Legislative: Real estate sector fears going back to square one

Eleven months. This is the average length of the mandate of a Minister of Housing under the presidency of Emmanuel Macron. A figure that however hides a certain irregularity Emmanuelle Wargon managed to hold its position for 22 months, compared to… only one month for Amelie de Montchalin forced to leave the ministry after being … Read more

Real estate: the purchasing power of families in large cities improves

Real estate: the purchasing power of families in large cities improves

Finally some good news for future buyers. Households’ real estate purchasing power has improved over the last six months. A first time in four years according to a study published on Thursday 27 June by The best rates. On average, the French earned 3 million2 in the 20 largest cities in France. A gain that … Read more

Credit portability: the proposal makes borrowers dream but puts banks under stress

Credit portability: the proposal makes borrowers dream but puts banks under stress

The idea is not new but it is re-emerging. Seine-Maritime MP Damien Adam (Renaissance) made a request in early May Law proposal which aims to enable borrowers to use the portability of home loans to save money. A measure defended for years by the National Real Estate Federation (Fnaim), which obviously welcomed this bill. “This … Read more