Coronavirus: real estate transactions paralyzed

Coronavirus: real estate transactions paralyzed

Almost no sector is immune to the repercussions of the Covid-19 crisis. In real estate, there have been no transactions for a week. A moment of suspense that endangers individuals who were to buy a house or an apartment in the coming days.

Coronavirus: real estate transactions paralyzed

Real estate transactions are paralyzed by the Covid-19. The possibility of owning a home has been delayed for many French people. “Basically, I had to sign no more than April 8, compared to the bank’s deadline and in fact, it was rather me who went fishing for the news, because in fact, everyone is blocked“, Says Sophie Denis, nurse manager in Aix-en-Provence (Bouches-du-Rhône). “I am confined, I cannot proceed with the signing of the notarial deed and I cannot begin to prepare my boxes.

“There is nothing that moves”

For many sellers and buyers, the reflex is to call their real estate agent. Stéphane Roussel, agent working in Burgundy, counts 20 customers concerned. “Today, I have several sales agreement files that have been signed and therefore the signature of authentic deeds should be done in the coming weeks, and unfortunately for the moment, nothing is moving.“, He laments. A whole system is at a standstill: powers of attorney and electronic signatures are not available for the notarial deed under confinement.