2023-06-26 12:00:53
What solution for tenants who do not want to suffer Prostock-studio – stock.adobe.co
DECRYPTION – Dominant model for decades and inscribed in the DNA of France, the purchase of a home is always a dream. But it is becoming more and more inaccessible.
«I told myself that I was going to remain a tenant all my life, it demoralized me.Like Jérémy, in his thirties, more and more young working people are despairing of not being able to become owners. And yet, he is a manager, on a permanent contract and receives a “very good salary“. Soaring credit rates have reshuffled the cards. When they were below 1% 18 months ago, anyone could borrow. Today, when rates are around 4% (excluding insurance), it’s much more complicated, even for wealthy households. And it shows in the numbers.
There is a lot of talk about plummeting real estate sales and falling prices, but there is one statistic whose decline has gone unnoticed: the share of owners of primary residences. In 2014, it amounted to 57.8% (out of a total of 28.8 million main residences), according to INSEE. Today, it has fallen to 57.4% (out of a total of 30.7 million main residences, see the graph below) – one of the lowest rates in the European Union – while 75 % of inhabitants want to buy a house. A micro-drop, of course, but a drop. Unheard of for nearly 40 years! And during this time, the share of tenants continues to climb and has even exceeded 40%. Hence this question: are we heading towards a France of tenants? “This new trend reveals not a preference of the French to be or remain a tenant but rather an inability not to become a landlord.», analyzes Robin Rivaton, founder of Real Estech, a think-tank which reflects on real estate.
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