Monday, November 14, 2016

Housing. The French well-off – The Telegram

Seven out of ten. This is the share of european households that are owners. The proportion is higher in the countries of eastern Europe (84 % in Poland) and the South (79 % in Spain and 73 % in Italy), according to the study of the Crédit Foncier, which covers eight european countries. We account for 65% of owners in France. Germany closes the standings. Only a German is, in effect, the owner of its housing. And the majority of Europeans (60 %) opt for the home rather than the apartment. 41.099 €. This is the amount of the average outstanding amount in the EU. In other words, the average amount that each borrower must still pay back to the bank. The British are largely the most indebted, with average 82.525 euros to repay. It must be said that they have seen real estate prices soar 30 % in the country between 2006 and 2015. France is located in the upper range with an outstanding 47.096 euros, while the price in crease is more reasonable than in the uk (+2 %). Households in the south of Europe are less indebted with an average amount outstanding of 32.540 € for the Portuguese. How to explain such deviations of debt ? “The level of life, the dynamism of the real estate market, the tax system and the different practices vis-à-vis the credit” are the main criteria advanced by the Credit Foncier. 19. with rates among the lowest in the Eu (2.1 per cent), the average duration of the credit real estate in France does not exceed 19 years. It is the shortest of the eight countries analysed. In Germany, the netherlands, United Kingdom or Portugal, the loans are spread out over 25 years. 2.7 in. As the number of occupants per housing unit in Poland, compared to two in Germany. The French are in the european average with 2.3. If we look on the surface, the British live in dwellings smaller (76 m2 on average). It is 26 m2 l ess than in France, which is once again in the european average. 30 years. The age of leaving the family home in Italy, where it seems more difficult to leave the ” mamma “. Conversely, in the United Kingdom or in France, children leave the nest around 24 years.


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