The French are entering into extra debt to purchase their property. That is what emerges from the annual survey of Meilleurtaux.com, “the profile of the 2019 borrower”, which we reveal in exclusivity.
This yr, consumers borrowed a median of 223,000 euros to purchase their dwelling, against 216,662 euros in 2018. These 6300 euros enhance within the common mortgage correspond to some hundred euros to the contribution that the homeowners have spent much less on their actual property buy. The latter will increase from 18,500 euros to 13,900 euros.
Why ? “The banks inspired those that had financial savings to put it and finance the whole lot by credit score,” says Maël Bernier, the director of communication of Meilleurtaux.com. One other case: even higher, those that had little or no financial savings have been capable of entry the property. “
Additionally worn by extremely low rates, the common period of borrowing is even longer this yr. For the primary time, the common mortgage period is over 20 years to achieve 21 years and 6 months.
“It's the longest time ever,” says the Meilleurtaux.com spokesperson. Banks have multiplied the merchandise over 25 years. Greater than 40% of loans have been signed over 25 years in 2019 whereas within the final ten years, the common period diversified between 18 and 20 years. “
Concerned, not a fiscal obligation to unfold the reimbursement over time, however usually a alternative. “Their credit score spanned 20 years,” says Maël Bernier. However given the low charges and the truth that we not often keep 20 or 25 years as we speak in the identical good, many have most popular to scale back their month-to-month funds to extend their dwelling earnings. “
Slight enhance in first-time consumers
Amongst consumers, the share of those that purchase for the primary time will increase very barely. These first-time consumers have been 69% in 2018. They’re 70% in 2019. If we have a look at their age, 64% of debtors are beneath 40, 45% are beneath 35 and 24% are beneath 30.
It’s in Perpignan that we discover the oldest purchaser at 39 years and three months, whereas it’s in Lyon that he’s the youngest in France: 30 years and eight months on common. “That is defined by the dynamism of Lyon when it comes to jobs, says Maël Bernier. It is the city that offers the most jobs on permanent contracts in Paris, in comparison with the variety of inhabitants. Jobs are quite a few and nicely paid. “
Whereas their age is steady (36.1 years on common in opposition to 36 years in the past a yr in the past), consumers have common incomes that enhance in comparison with final yr (4549 euros per family, in opposition to 4376 euros in 2018) however who haven’t discovered the summits of 2017 (5100 euros) and 2016 (practically 5500 euros).
“The gaps stay enormous”
“However the gaps stay enormous between Paris, which rises yearly and goes up once more this yr with 8746 euros of web earnings per family in Paris, and Perpignan to 3195 euros for instance, Mael Bernier tip. In medium-sized cities, incomes are round 5,000 euros. Nantes for instance is 5000 euros common earnings and Bordeaux is calm with 5200 euros. “
Proof of a slowdown within the rise in actual property costs in France, the common transaction solely will increase by 1,500 euros in 2019. It stands at 236,900 euros in opposition to 234,162 euros final yr.