(MENAFN) homebuilding is slumping in France, thus weighing on growth in the euro zone's second-biggest economy, and this is a fact, but sales of new homes are recovering as investors return to the market.
New homes sales had soared 22 percent in the second quarter, the highest since late 2009, driven by eased taxes on housing investment and scaling back rent control plans.
Sales to investors targeting to rent out houses increased 66 percent in the first half of the year, all in all, the Investors' return to the market is good news for property developers in general.
"Nonetheless, between the moment when we make a sale and it translates into a housing start, it can take at least a year, so the effect won't be felt until mid-2016," said a mainstream developer.
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