Emmanuel Duteil, edited by Margaux Baralon 8:08 am, September 6, 2021
According to the MeilleurTaux.com site, an expert real estate broker, it takes longer and longer to make the purchase of a home profitable.
Indeed, prices have jumped, especially in very large cities and medium-sized towns, while rents have remained stable.
You may often ask yourself this question: at what point is it more interesting to buy than to rent your property?
According to the MeilleurTaux.com site, an expert real estate broker, it's ... more and more later.
The acquisition of a 70 square meters, for example, pays for itself after 5 years and 8 months on average.
That is almost twice as much as last year.
For Mael Bernier, spokesperson for MeilleurTaux.com, the explanation is very simple: property prices are still trending sharply upward.
In Lyon, it takes 28 years to amortize its purchase, against 18 last year
"You have real estate prices which have continued to jump, especially in very large cities and certain medium-sized towns, and at the same time rents which have barely changed," she explains.
"It is this difference between increasing property prices and stable rents that explains why we have a slightly longer holding period to make the purchase profitable."
In the big cities, the time to make profitable its purchase lengthens enormously.
In Lyon, the municipality which is experiencing the strongest growth, it takes 28 years to amortize its purchase, against 18 last year.
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Another big novelty of this summer, the rebound of more medium-sized cities which are seeing an influx of families after the Covid-19. Angers is the best example of this: it takes four times as long to make a profitable purchase. But there are still good deals to be made, according to MeilleurTaux.com. Take Perpignan, Grenoble, Limoges or Mulhouse for example. There, in less than two years, your purchase is profitable.