“France’s Housing Crisis: Medef President Calls for Urgent Action”

2023-04-26 11:37:24

According to the president of Medef, who echoes the demands of many players in the sector, France lacks hundreds of thousands of new homes.

Geoffroy Roux de Bezieux, January 18, 2023, in Paris (AFP / BERTRAND GUAY)

“We need roughly 500,000 new homes a year”. On the antenna of

RMC/BFMTV

Medef boss Geoffroy Roux de Bézieux repeated on Wednesday April 26 his concerns regarding the housing crisis in France,

calling it a “ticking time bomb.

“At one point, it gets stuck”

Quoting first “the rise in rates which means that half of potential buyers do not have their loans”, Geoffroy Roux de Bézieux evokes in parallel basic problems: “We want zero net artificialisation everywhere. At one point it gets stuck in relation to a demand which is strong”.

“It raises the price of rents, it creates a huge problem of purchasing power. We see it less than food, but it’s a time bomb!

New constructions that are not launched this year, we will pay for them next year,” he warns.

On Sunday, the president of Medef estimated that the housing crisis “should be the great national cause” in the coming years for Emmanuel Macron, stressing its importance in the household budget but also on work. On May 9, the government must present proposals resulting from the consultations of the National Council for Refoundation (CNR) to respond to the housing crisis: more than 4 million poorly housed people, new buildings broken down, energy renovations that are too slow, etc.

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