The real estate activity seen by Vallat

François VALLAT et ses deux fils

François VALLAT et ses deux fils
(Franklin et Joffray VALLAT)

François Vallat, Group Vallat’s promoter, gives us the keys of the news in our area.

We speak a lot about the upturn in the real estate sector, but we are still concerned about it. If 2008 and 2009 have been state-of-uncertainty-related years, it appears that 2010 and the beginning of 2011 point out that confidence and investment are coming back.

François Vallat : it is true that 2011 is getting started to be a good year in the real estate activity. For us, the first quadrimestre of 2011 is significant since we have multiplied the number of sale of older homes by two over the same period last year. It is amazing to notice that the sale of new home remains stable.

New home is reassuring in this economical crisis time because it is the last refuge giving a surety of the rise in value. Besides, it is the sale of new homes which has supported the real estate activity in 2010. But, the increase in the older homes’ sale is particularly relevant in this beginning of 2011. This points out with no doubts that the French people’s conviction for the real estate is getting back for only a few months.

People have now realized that the crisis was financial and non real estate related. Therefore, they believe more than ever in the real estate activity as a conviction value in contrast to the volatile securities.

Moreover, the strong home demands, as well as our region’s dynamism prompt us to think that neither the prices nor the sales might be getting down or decreasing in the early future, contrary to what it is being told and could be true in other regions.

Which are the main directions that the real estate sector has or is going to take in the future? What about your group?

François Vallat : The involvement in those meaningful steps to promote the sustainable development is one of the main directions of the real estate today. All of the participants have become aware of that: the government regulates to promote the energy economy, the property developers offer more and more real estate programs tagged BBC (low consumption buildings), and even go toward the “passive building” when it is possible.

Besides, this is a part of the strong involvements of Vallat Immobilier in its marketing choices and in its development choices. The involvement is not only strategic but also philosophic because it is essential for us to transform the territory we like in order to develop it but without ruining it. This is the aim of the step for setting up the Vallat Development service. A new job in which invest our know-how and our dynamism. You will soon be able to find out our real estate programs in the strong value-added districts. We will offer homes built and created to respond to a real demand, real expressions of our high knowledge of the local market and our know-how.

Another one of our involvement is Vallat Premium’s high increase. Set up in 2010, we care about this service related to the charming, atypical or prestigious properties and to clients with a high investment power. This service has to make us have a real value-added advice role toward those clients. It is to us to develop it to provide an answer where we were not able to before.