The real estate in Angers between conflicting trends

The worsening of the real estate market could be en route in Angers because the local offer doesn't always meet a demand. While the prices of houses and flats, whether old or new, lost value between july 2009 and june 2010 in Angers (- 15% in older properties - 4% in the new, according to a recent survey of the Maine et Loire solicitors), town hall plans to built 2 500 accommodations per year during 10 years.

Presently, many private owners of real estate complain about the difficulties to rent their properties in Angers, and, the phenomena is also visible in local social housing institutions with growing difficulties to rent. Every pedestrian walking in town may see the numerous notice boards "to rent" or "for sale" as well as the number of buildings under construction in every district of Angers (and recently for students). And the construction of the first streetcar line didn't, to date, engender a rise of prices, even if the interest rates have never been so low in France since 60 years.

The good news is all these works give job to people and ensure orders for building companies and journeymen and will not be "offshored" like factories or companies of the service sector. But what has been built for renting or for sale costs if there is no building holder or buyer.