Stone remains a safe haven for many users who aspire to become homeowners even in times of crisis. Prices remain stable and new programs are continuing in the greater Bastia region. The crisis will have created new needs
The real estate market seems to be resisting. While the activity experienced an interruption of almost three months during confinements successive buyers potentials have not given up course to the goods.
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This health and economic crisis for a time raised fears of a collapse in real estate, which would have led to a price inflection. It has not happened.
While a drop in transactions is certainly observed, the sector remains active and prices stable. Many observers admit it, 2019 presented as a year of ascension, “voire exceptional ” would tend to distort the reading.
“Pre-crisis buyers have now matured and are ready to buy, however, there are fewer new purchasing projects at the moment”, underlines Paul Albertini, of the Era real estate agency, who explains this two-speed movement by a feeling “of concern “ due to the context, expressed by part of the buyers.
Like many professionals in the sector, he was forced to catch up without delay, especially during the summer and back to school, to maintain his activity.
The offers of the hyper center are scarce
But given the prices posted at the heart of the crisis, goods which are becoming scarce depending on the sector, and the maintenance of historically low rates, it is clear that for many users, stone remains the safe haven.
A fact confirmed by the agents who prospect the Bastia hyper center.
The golden square remains very attractive and has grown a fortiori. The goods of his first crown arouse much envy. Sabine Manghi-Balsan knows this market well.
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“For a renovated property, we find the same pricing before in times of crisis. The prices are stable. It is then necessary to count on average 3,000 euros per m2. A price which fluctuates according to the services and the sector. “
You still have to succeed in landing a good! “In the old, as soon as an apartment comes in, it is sold very quickly without even being negotiated. It is a phenomenon which is not recent.”
An announcement, a day of sightseeing and at the end of the day the promise of a compromise on the real estate agent’s desk.
Since 2014, the coast of the hyper center has been strengthened and new streets are constantly gaining interest.
“In 2018, this sector exploded in terms of prices with an increase of around 12%.”
Since then, market prices have not fluctuated. The scenarios which announced the massive sale of goods correlated with the crisis have been erased – or postponed – and a return to prices of two years ago is not relevant.
Outside the city walls, an exterior becomes “non-negotiable”
Real estate activity is also very dynamic in the Macchione sector, which is enjoying good odds, but also in Saint-Joseph and even in the Falconaja hospital.
Difficult, today, to identify the districts “shunned” by buyers.
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In the south, count a budget of 150,000 euros for a T3 of 80 m2 against 230,000 in the heart of the city. If the profiles and criteria vary from one point to another in the municipality, even at the two city limits the market is doing well. Including in the new.
If it is not on the price, it is indeed on the criteria that the crisis has changed the expectations of buyers. The need for an outside has become a non-negotiable condition.
So to meet their expectations, they turn to the new or choose to leave the city. The southern municipalities, Borgo and Lucciana, have experienced a real estate boom that is now moving even to Vescovato.
The modernization of road networks having considerably contributed to this exodus.
In these municipalities, urbanization is galloping and we are even witnessing the advent of new neighborhoods. Land is precious and its price can quickly soar. Enough to feed appetites and increase land pressure.
The dream of owning a villa with a piece of land is shared.
Explanation? With an average annual increase of 1.1% of the population, mainly concentrated in the two agglomeration communities of Ajaccio and Bastia, Corsica is the region which is experiencing the most significant demographic growth at the national level.
In the north, the strongest increases are recorded in particular in Marana-Golo, one of the only three interco of the island recorded a positive natural balance.
Search for low-cost commercial premises
On the rental front, other difficulties are emerging leading to a drop in prices.
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“It is more and more complicated to find candidate profiles which correspond to the properties rented because they often relate more to social housing”, notes Sabine Manghi-Balsan.
However, these goods are sorely lacking and waiting lists for the allocation of social housing are growing over the months.
Should this be seen as one of the effects of the crisis? This time again, the real estate expert believes that this situation is prior.
Another situation intrinsically linked to the economic and health crisis, traders tend to want to leave their premises in favor of other less expensive rentals.
A solution to maintain their activity during the crisis.
To bounce back, owners of commercial premises, for their part, do not hesitate to sell goods to concentrate on a single activity. And shed the walls of business.
For now, the real estate market is not experiencing the crisis, but no one is minimizing its long-term effects on commercial real estate.
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