Angers unemployment is rising while real estate is at a standstill

Two economic surveys were made public this week which cast a shadow over the end of summer holidays and the return to work in the Angers region. First, in Maine-et-Loire, thus very probably in Angers, the figures of unemployment noticed a acute deterioration on only one year. With almost 33 000 job seekers, the unemployment rate increase of about 10% since July 2011. 

At the same time, another survey has pointed out that the real estate economy in Angers was at a standstill. Apartments and houses sell badly. According to the real estate agencies, people lack of visibility in the future and think the environment is too unstable. Logically they don't want to go into projects. The first trimester of 2012 confirmed the trend except, may be, in a specific - and new - category of buyers : people living in Paris would be in search of homes near the Saint-Laud railway station. In Angers down town, individuals homes are very much in demand. Single houses with 150 m2 are worthing between 400 000 and 450 000 euros. 

After one year of observations, it seems that the effect of the Angers trolley is not as important as foreseen. Along the line, it is said that the increase of real estate prices is not due to the trolley but by their place. Located in Angers down town, the values increase while in other districts, it's not (already?) the case. (Credit pictures : Wikipédia and Angers Loire Métropole)