According François Payelle, president of the FPI in France, the cause of the French real estate new housing crisis has been because of four damaging factors:
First
The access to land in France to build on has been made artificially scarce due to the rules of urban planning in France.
Two
The rules of construction have made the cost of construction rise by up to 50 percent in the last ten years.
Three
Rules controlling investment have reduced the number of investors buying new real estate so that there are 40,000 less investors in 2014 compared to 2010.
Four
France has the highest level of taxation on new construction in the whole of Europe.
Read the original source article in French here.