Fifty agencies of the network of estate agents Orpi will close their doors by the end of 2008, announced its chairman Bernard Gift, Monday at a press conference.
The decline in customers caused by the current crisis in real estate is the main cause. The fact is all the more disturbing that Orpi is the first network in France with 1450 outlets.
"The number of closures due to the decrease in the number of property transactions, averaging 11% in our network at the end of September, compared to September 2007," Gift said.
This figure "50 closures expected for 2008 is parallel to the 80 agencies Orpi which will see the day that year, however, wished to add Mr. Gift.( Finance Information City )
Everything is relative in this world, the skipper of the real estate group even tried a touch of optimism, even Coué method, saying that where Orpi has lost 11% by volume of transactions, the overall market has lost nearly 25%. "" We like everybody difficulties related to market and the market environment but these difficulties are rather sweetened at home, "he commended.
According to him, given their organization, the agency networks should be less impacted by the crisis that independent agents, "more fragile by nature."
Orpi, which conducts 65,000 transactions per year, is the first network of estate agents in France to reveal the number of branch closures since the beginning of the real estate crisis.
For the president of Orpi, the reasons for the decline in transactions due by the end of total financing of the purchase by banks, reducing the duration of the loan and a sharp decline in loans relay " .
Regarding the international crisis and possible stripping of credit, said B. Gift not really worried about the effect this could have on the real estate market. "I do not think a collapse in prices because the causes of the crisis of 2008 are not the same as in 1992 and 1993," he explained.
The boss of Orpi calling the government a "Grenelle Housing" with a "strategic reflection particularly on the land."
Taking advantage of a euphoric period, real estate agencies have proliferated in the early 2000s. In point of dropping the share of transactions from owners, a French specificity, 50% to 35% of the total.
In 12 years, the number of "cards" (which may involve several agencies) has almost doubled from 17,000 to 30,000, while the number of transactions by estate agents with growth of 60% (680,000 against 420,000) , According to figures from the National Federation of Real Estate (Fnaim).
What makes B. Gift to say he sees in the current something healthy. "This crisis will be the first under the purge. And we will have many needs because too many estate agencies have opened over the past ten years," he concluded.
The boss of Orpi predicted "an exit from the real estate crisis in late 2009, early 2010.
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