Over the last twenty years or so, the production of new housing in France has reached a high level, combining strong activity in the segments of home ownership and rental housing, supported by a diversified range of public aides on both the supply and demand sides. Despite an overall improvement in the quality of housing and a significant supply, households have felt the impact of rising costs. Inequalities in access to housing and indicators of poor housing for some households have highlighted the ever-increasing need for social or affordable housing. The sudden rise in interest rates has led to a downturn in the credit market, with transactions falling in both existing and new-build properties, accentuated by a fall in public aids. Against this uncertain backdrop, with government funding under severe constraints, a number of issues need to be addressed: boosting supply for all households, meeting the specific needs of households experiencing difficulties in accessing and remaining in quality housing and above all improving the housing stock in the long term to meet environmental requirements.

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France: Diversified and Complementary Housing Policies Hampered by Tight Financial Constraints for All Players

  • Jean-Pierre Schaefer

摘要

Over the last twenty years or so, the production of new housing in France has reached a high level, combining strong activity in the segments of home ownership and rental housing, supported by a diversified range of public aides on both the supply and demand sides. Despite an overall improvement in the quality of housing and a significant supply, households have felt the impact of rising costs. Inequalities in access to housing and indicators of poor housing for some households have highlighted the ever-increasing need for social or affordable housing. The sudden rise in interest rates has led to a downturn in the credit market, with transactions falling in both existing and new-build properties, accentuated by a fall in public aids. Against this uncertain backdrop, with government funding under severe constraints, a number of issues need to be addressed: boosting supply for all households, meeting the specific needs of households experiencing difficulties in accessing and remaining in quality housing and above all improving the housing stock in the long term to meet environmental requirements.