Thu 27 Feb 2025 ▪
4 min read
▪
by
Luc Jose A.
The new real estate market has entered an unprecedented slowdown spiral. While access to homeownership remains a priority for many households, the production of new housing is at its lowest level in over 50 years. In 2024, only 59,000 new homes were put up for sale, a decrease of 50% compared to 2022. Thus, this crisis, much deeper than a simple cyclical slowdown, is the result of a combination of structural and economic factors. Rising construction costs, increasingly difficult financing, and the withdrawal of institutional investors are all elements that hinder a rapid recovery.