The 2023 results of the Reunion construction sector look a little more worrying than those of previous years, with an announced drop in turnover and a public order at its lowest.
The Réunion Construction Federation and the Overseas Business Federation (Fedom) devoted a seminar to this alarming news in housing and construction, February 7. The discussions made it possible to take stock of the crisis which is reflected in a stagnation of deliveries of social housing at a very low level., a sharp drop in vacant housing construction and a slowdown in the real estate market, the rise in interest rates making access to credit increasingly difficult for the majority of households. Moderator of the debates, the president of the Fedom, Hervé Mariton, stressed the need for social measures, technical and fiscal measures to unblock the market, while calling for the development of a new program law for overseas territories, which would give medium-term visibility to both companies and investors. MP Philippe Naillet and Senator Audrey Belim gave a similar assessment to the press, February 16, highlighting the weakness of deliveries of new social housing in 2023 and the “mixed results” of the latest overseas housing plan. Like the professionals, the two socialist parliamentarians deplore the “legislative millefeuille” which constrains construction and demand an “acclimatization of standards”.
