Investing in stone has nothing to worry about. This is the observation that we can draw from very good market figures for 2019. Pursuing a logic of interest rates always at the lowest, the sector players have minted mortgage loans at rates varying between 1.45 % on average at the start of the year and 1.12% (excluding insurance) in November, according to the Crédit Logement / CSA observatory.
If having a contribution is always considered essential, note that 15% of the loans were granted despite the absence of this woolen stocking. All this was enough to encourage property candidates to cross the course. And many of them did so since an INSEE report published in September already reported more than a million sales of old homes, a record never reached in recent years.
Younger buyers
The typology of first-time buyers has also evolved, since today people buy their main residence earlier. While the real estate adventure was previously carried out between 35 and 38 years, the average age of this first acquisition is now evaluated at 32 years, according to a Harris Interactive study conducted for the Higher Notary Council and published in September.
Another survey, this time by online real estate broker Pretto, which has screened more than 250,000 loan simulations, estimates that these couples, generally with a child, "earn on average 2,200 euros net monthly per borrower and have a contribution of 20,000 euros ”.
Rising prices
If interest rates are at their lowest, property prices continue to climb. While a conjuncture note from Edmond de Rothschild, published in the fall, evaluated the increase in prices on the French residential market at 3.1% on average year-on-year in 2019, it would hover around 2.86% for 2020.
That being said, certain large metropolises, particularly attractive and dynamic, are experiencing a surge in fares far above these figures. The Best Agents brokerage network expects, for example, an increase of 9% in Toulouse and Nantes, due to excess demand over supply, compared to 6% in Paris, Lille, Rennes and Lyon.
automobile
Professional situation, savings and debt capacity… How to convince your banker for a mortgage?
Economy
What is land advertising, the final step in a real estate purchase?
- Purchasing power
- Economy
- Housing
- Immovable
- numbers