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The Tax Database On Real Estate Prices Finally Open To All

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 The State unconditionally opens data on real estate transactions. State opens unconditionally real estate transaction data. (© Rawpixel – Pixabay)

The state has a large database of real estate transactions thanks to information collected by the tax authorities. This base is now open to all.

(LaVieImmo.com) – The State has released this Wednesday, April 24 an extensive database on real estate transactions, which may in particular help the valuation of property from information collected by the tax authorities. This base is presented as a list of transactions, specifying the location, nature and gross price of goods sold, without taking into account, for example, agency fees. Until now accessible only by indicating its fiscal number, it does not cover Alsace, the Moselle and Mayotte.

"Happy to announce this morning to Bercy the publication of all land data", welcomed on Twitter the Minister of Public Accounts, Gerald Darmanin. "They are now open online, so that everyone has the best information on real estate sales of the past five years" (2014-2018), he said.

15 million records

This base, established by the tax administration, which estimates it to 15 million data, exists since the beginning of the years 2010 and becomes unconditionally accessible, after years of progressive opening. "It's a little consecration," said Romain Talès, a manager of Etalab, a mission of the State to open its data, during a presentation of this database which is now accessible data.gouv site. fr.

This database is in addition to multiple sources of data, which are often a sales or communication argument for different types of real estate professionals. The main branch networks publish quarterly a necessarily fragmented balance sheet of their activity, while specialized websites – a market dominated by the Betteragents group – offer their own estimates based on feedback from professionals. Added to this are the reference figures jointly compiled by INSEE and the notaries each quarter.

In this context, the tax administration took care to present the newly opened database as an additional tool and not a panacea, its reading being arid for the individual. Organized all Wednesday, a day of work with multiple actors must give a first idea of ​​applications that can be developed from the ground up, likely to interest sectors such as credit brokers.

With AFP

L’étonnant Pacte Entre La Police Et Les Bailleurs Sociaux Du Val-d’Oise Pour Se Débarrasser Des Dealers

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(Photo d'illustration)(Photo d’illustration) (©Philippe Huguen – AFP)

En mai 2018, dans le Val-d’Oise, le préfet, le procureur et des bailleurs sociaux ont signé une convention. En cas d’infraction grave ou récurrente aux règlements intérieurs – incivilités, trafic, occupation des parties communes -, les signalements remontent automatiquement aux autorités, qui “disposent d’une réquisition permanente” dans les cités. Près d’un an plus tard, “une quinzaine de dossiers sont en voie d’aboutir à une expulsion”, décompte le préfet Jean-Yves Latournerie.

(LaVieImmo.com) – “Les voyous, on va les expulser. Avec leurs familles s’il le faut.” Dans le Val-d’Oise, police, justice et bailleurs sociaux ont scellé une union sacrée contre les dealers qui “pourrissent” la vie du parc social où loge un quart des 1,2 million d’habitants de ce département de grande banlieue.

L’idée a germé début 2018 dans le cadre de la police de sécurité du quotidien (PSQ), réforme lancée en grande pompe par le gouvernement et dont ce territoire est un des laboratoires, avec des villes comme Sarcelles, Garges-lès-Gonesse ou Argenteuil. “Où y a-t-il le plus de délinquants? Dans les HLM. Où y a-t-il le plus de victimes de ces délinquants? Dans les HLM”, résume Frédéric Lauze, le chef de la direction départementale de la sécurité publique (DDSP). “Mais la police ne peut pas tout, il fallait s’appuyer sur les bailleurs. Et se donner les moyens d’expulser de leur logement, avec leur famille s’il le faut, ceux qui prennent des barres entières (de HLM) en otage. Jusqu’ici, on ne savait pas faire, les procédures n’aboutissaient pas”, explique-t-il.

Un commandant de police réserviste joue les chefs d’orchestre

En mai 2018, le préfet, le procureur et dix bailleurs sociaux se sont donc mis autour d’une table pour signer une convention. Clé de voûte du dispositif : les règlements intérieurs des résidences, modernisés, dont l’application est rendue obligatoire. En cas d’infraction grave ou récurrente – incivilités, trafic, occupation des parties communes -, les signalements remontent automatiquement aux autorités, qui “disposent d’une réquisition permanente” dans les cités. Dans chaque organisme HLM, un correspondant “tranquillité-sécurité” assure le lien avec les forces de l’ordre. La DDSP du Val-d’Oise a de son côté recruté un commandant de police réserviste pour jouer les chefs d’orchestre.

Mais la grande nouveauté, c’est que l’information circule dans les deux sens. Les organismes HLM peuvent désormais obtenir, sous le contrôle du parquet, des données confidentielles concernant les fauteurs de troubles : mains courantes, jugements… De quoi déposer des dossiers “étayés” sur le bureau du juge civil, habilité à prononcer une résiliation du bail pour “trouble de jouissance”.

Près d’un an plus tard, “une quinzaine de dossiers sont en voie d’aboutir à une expulsion”, décompte le préfet Jean-Yves Latournerie, selon qui la démarche est une première sur le territoire. Et plus de 20 organismes HLM ont posé leur paraphe sur ce protocole. Des initiatives concertées “existent ailleurs mais, dans le Val-d’Oise, on innove avec une vision globale et en allant plus loin dans l’échange d’informations”, estime le procureur, Eric Corbaux, qui note par ailleurs une hausse alarmante de la délinquance des mineurs (+18% en 2018) dans le département.

“Ils savent que la police va intervenir”

De fait, les expulsions de familles de dealers du parc social français sont rares et longues à aboutir. En mai 2018, cinq familles avaient été sommées de quitter leur logement dans le nord de Paris à la suite d’une décision de justice, point final d’une lutte de dix ans contre le trafic de crack dans une cité. La même année, un office HLM de l’Oise était allé jusqu’à la cour d’appel d’Amiens pour obtenir le droit de résilier le bail d’une mère de Compiègne dont les enfants avaient été condamnés pour trafic de drogue. “Pas mal de gardiens étaient en retrait face à des délinquants parfois dangereux. Maintenant il se sentent plus à l’aise car ils savent que la police va intervenir”, souligne le préfet. “Pour lutter efficacement contre la délinquance, il faut faire en sorte que les gens n’aient plus peur de dénoncer”.

Brahim Terki, directeur délégué chez AB Habitat – 12.000 logements, dont 8.000 à Argenteuil – fait exécuter des “expulsions pour troubles” depuis 1992 et dit être “un des rares bailleurs en France à obtenir des résultats”, sans s’en enorgueillir car “c’est toujours un échec” d’expulser quelqu’un, dit-il. Mais la convention signée avec le procureur a, selon lui, grandement simplifié la donne. “Il y a plein de gens très bien qui attendent un logement. Quand on fait du trafic, qu’on est nourrice (personne qui cache la drogue moyennant finance, NDLR), on gagne suffisamment bien sa vie pour se loger dans le parc privé”, estime le bailleur. Dans le Val-d’Oise, plus de 60.000 personnes sont en attente d’un logement social.

(Avec AFP)

Real Estate Agency Tries To Bribe Health Professionals To Know When Their Patients Are Dying

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 A device that violates medical confidentiality A device that violates medical confidentiality. (© Sebastien Bozon – AFP)

A real estate agency in Saint-Malo wanted to develop a very special partnership. She proposed, in exchange for a sum of money, that the medical staff alert her when the housing of one of their patient was put up for sale after his death or his placement in retirement home.

(LaVieImmo.com) – It is saying that the real estate agency Le Pilori in Saint-Malo had few scruples to find properties to resell. In a survey published on Tuesday, Le Monde explains that this agency wanted to develop a very special partnership. She wanted, for compensation, health professionals to alert her when the housing of one of their patients was on sale because he was going to a retirement home or dying.

A nursing office in Saint-Malo would have received a letter proposing this partnership. If the agency concluded the sale, it promised a check for 300 to 1,000 euros depending on the price of the transaction. "A patient goes to retirement home and to finance it, he must sell his property.You contact me with the address and I will take care of everything else," said the mail recovered by Le Monde.

Professionals subject to medical secrecy

As soon as this step was known, Patrick Surtel, president of the nursing order of Côtes-d'Armor and Ille-et-Vilaine, reminded the health professionals that "this step was illegal because it violated medical secrecy ". Same story on the side of the doctors. Michel Carsin, secretary general of the departmental council of the order of doctors, said that "the doctors who would submit to this type of arrangements criminally reprehensible risk a disciplinary sanction".

The order of doctors also decided to warn Fnaim, the union of real estate professionals to which this agency is affiliated. Fnaim condemned this "big mistake". Its ethics committee, which has been seized, may decide to issue a warning to the agency or outright cancel it. For its part, the agency Le Pilori has decided to stop sending its famous letter of partnership.

The Grande Borne, The 4000 Or The Grand Mirail … These Sensitive Neighborhoods That Are A Hit On Airbnb

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 The city of 4000 in La Courneuve The city of 4000 in La Courneuve (© Philippe Lopez – AFP)

The comments left on the tourist rental platform in 25 priority neighborhoods were scrutinized. And contrary to popular belief, visitors are satisfied with their stay.

(LaVieImmo.com) – At first glance, these neighborhoods are not the ones we think of to spend a few days of vacation. Yet visitors who have been tempted do not regret it. The agency Nouvelles Marges, which specializes in the strategy of the territories, has studied the Airbnb comments in the 25 most populated priority neighborhoods in metropolitan France, places that are the subject of an urban renewal program (see list below). below). The agency has identified 1,045 accommodations in these sensitive areas and 12,995 visitors stayed in these dwellings between January and April 2018. In analyzing the comments, the agency put forward three courses. First, there is a short-term rental offer in these neighborhoods.

Then this offer meets a demand. The average distance traveled by these visitors is 400 km and 36% of visitors come from abroad. "By being ready to make such a distance, travelers recognize implicitly the promise underpinned by the offer of accommodation offered in this type of neighborhood," said the study taken by including Le Monde.

This demand is explained in particular by the price. "On average, the price of the night in one of the 375 private rooms listed in the QPV (priority neighborhoods of the city), is 11.59 euros lower than the rest of the agglomeration and the price for a whole house is less than 10.04 euros, "says the agency. A demand that can also be explained by the proximity of tourist sites or the ease of public transport.

A great satisfaction

And finally, the third lesson is, in almost all cases, satisfaction with the stay. The overall rating given by the visitors to all Airbnb rentals is 4.72 out of 5. A note that deals with communication, the reception of the host on arrival, the cleanliness of the accommodation, the quality ratio -price and its location.

To go further, Nouvelles Marges studied the reviews and found only 9% of negative comments. In 94% of the cases, the comments are positive with as strong points for 39% of visitors the situation of the district (near the city center, places of interest, …), for 27% public transport, for 21% the general atmosphere of the neighborhood (calm, greenery, …) and 11% proximity to shops.

Iceland Wants To Save Its Last Houses Built In Peat

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 A peat house A peat house (© AFP)

Due to the lack of trees in Iceland, peat was a popular building material. But only a handful of these houses remain in the country.

(LaVieImmo.com) – A stone's throw from the Hekla volcano in southern Iceland, stands an old farmhouse and chapel. On their roofs, the snow has given way, with the arrival of spring, to a yellow peat which will green soon. In Burfell, in the Thjorsardalur Valley, gateway to the Icelandic highlands, these typical peat buildings are one with nature. They are the symbol of an architectural tradition of the island, introduced by the Vikings in the 9th century.

In 1910, more than half of Icelanders still lived in houses of this kind, according to historians. Because of the absence of trees in Iceland, peat was a popular building material, useful for repelling the cold, easy to access, cheap and quite handy, says Olivera Ilic, passionate about the history of the Vikings and Project Manager at Landsvirkjun, which maintains the site.

Picked up in the surrounding marshes, the peat was then cut into strips before being laid to form thick walls on a structure usually made of wood. Stones could also be used for foundations. And the style of buildings "varies as much as the number of peat houses built, there are not two identical," says Eyjolfur Eyjolfsson, folklorist and musician, neighbor of the site.

Rebuilding your home every 20 years

In Burfell, the farm and its chapel – reconstructions of Viking buildings erected in the 19th century – have now become a museum where "nature is part of the house" as indicated by an inscription engraved on wood. The curious and other devotees of the Viking period can also see four houses grouped and partly covered with a thick layer of grass, and they also turned into a museum.

"Peat is a very good building material but at the same time not very durable," says Eyjolfsson. Faced with the often capricious elements of nature, it was necessary for people to rebuild their homes every 20 years – even if some could last up to 70 years.

While Iceland still had some 5,500 peat houses in 1910, there were only 249 left in 1960. Today, only a handful remain, converted into heritage sites and museums. . The tradition continues in Iceland, but only thanks to some craftsmen trained in old techniques. "Because we try to keep them as authentic as possible, we want to do it the old way and so it takes a lot of time," says Olivera Ilic. Since 2011, 14 peat houses have been included on the Unesco Tentative List, the first essential step before a potential World Heritage inscription.

With AFP

For Land Near Water Reserves, The State May Limit The Right Of Ownership Without Compensation

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 The water servitude is rarely compensated The water servitude is rarely compensated compensated (© Suju – Pixabay)

A prefectural decree can list what landowners neighboring drinking water reserves may or may not do. But this type of order is not enough to claim compensation.

(LaVieImmo.com) – Residents of drinking water reserves who are imposed easements for the protection of the quality of water are hardly entitled to compensation. The Court of Cassation states that the damage caused to these neighboring owners, by limiting their property rights, is compensated in case of direct, material and certain damage, but it is very restrictive to recognize its existence.

For judges, there is harm only if an activity carried out, or a project of proven activity, or a project activity likely to be authorized, are now prohibited for the necessities this protection of water catchments. But the mere fact that the use of the land is now restricted to the benefit of the community does not justify compensation, the Court considers.

More or less significant limitations

The restrictions imposed on the use of neighboring lands of water reserves are more or less important, depending on whether the land is within an immediate, close or remote protection perimeter. The zones are determined by a prefectural decree that enumerates what is now authorized or prohibited.

Such a prefectural decree necessarily negatively affects the value of the property since all is no longer allowed, argued an owner. But his reasoning was not followed. Nothing establishes that at the time of the order, a contentious activity has been exercised or that a prohibited activity has been in the state of project with chances to be authorized, said the judges, to deduce that there was no harm. The only damage is hypothetical and random, they added, and is therefore not compensable.

(Cass Civ 3, 7.3.2019, Y 18.10-351)

With AFP

Offices: Coworking, A Sector Of The Future Or A Real Estate Bubble About To Explode?

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 Coworking spaces have developed a lot but are not always profitable Coworking spaces have developed a lot but are not always profitable (© Jdpereiro / Pixabay)

If some people think that coworking is going to become a big sector, others are wondering if it's not a bubble.

(LaVieImmo.com) – The "coworking" is not a bubble, ensures to AFP the pioneer of the shared offices, sector very fashionable in the world of real estate, but beginning to record signals in half-tone on the financial side. "Today, it's fashionable, and in the future, it's going to become a big industry," says Mark Dixon, CEO and founder of IWG, formerly Regus, one of the first groups to have developed shared offices in the 1990s.

Since, and particularly since the beginning of 2010, coworking has become one of the major trends in office real estate, the most emblematic example of which is the rise of the former American start-up WeWork. This sector was the subject of multiple presentations at the International Market of Real Estate Professionals (Mipim) in Cannes, a global meeting of the sector that took place from March 12 to 15, on the sidelines of which Mark Dixon spoke.

The market extends to large companies

Initially intended for the self-employed, the market now extends to large companies, although it still constitutes only a small part of office real estate. Major property groups are investing in it, for example, in France, the recent takeover of the Morning Coworking group by developer Nexity, while start-ups are seeking to win.

"Some will be successful, for sure, but there will be very few: we will end up seeing a consolidation," warns Mark Dixon, whose group operates in particular the brand Spaces. "But it's not coworking that has a problem, it's accelerating competition in a growing sector," he continues.

However, since last year, several events show that investors are not ready for anything to enter this sector. WeWork, which is not profitable despite more than a billion dollars in revenue, expected to raise 20 billion from the Japanese giant Softbank. In January, the figure had fallen to ten times less. As for IWG, it was approached several times last year by potential buyers, but they were systematically scalded by the discussions, causing as many zigzags of the stock market.

Beginnings of the explosion of a bubble?

Are these the beginnings of the explosion of a bubble? "No," says Mark Dixon. "It's not that we wanted to sell ourselves, which people wanted to buy from us, and because we're listed, we have to argue," he understands, saying it's because he was underestimated that his group attracted people. As for the disappointment for WeWork, "I do not know the people who worked on it," he dodges, arguing that it is the general investment climate that was less favorable in the wake of the downturn in end of 2018.

While welcoming the fact that WeWork has promoted the concept of shared offices and judging that his competitor "knows what he is doing", Mark Dixon does not fail to point out that his own group has been profitable since years and is almost triple the turnover. In contrast to a sector that tends to focus on large cities, IWG, which operates 35,000 buildings in more than 120 countries, intends to network the entire territory of countries such as France, which it already does in the United States .

For the moment, in France, the experiences of other actors have hardly been successful outside the metropolis themselves: before Morning Coworking, Nexity has developed in vain a supply – Blue Office – in the distant suburbs. "You have to build the network and, as you go, people start coming," says Mark Dixon. "This is not an area for developers with only five buildings."

In-Depth Change of Office Real Estate

He excludes that coworking is an urban niche by essence and says he believes in a profound change in office real estate while his group eventually plans more than 1,600 sites in France, including cities with 3,000 inhabitants . There remains the question of funding when the development of the group is expensive and has contributed to drowning out its accounts last year.

Without confirming rumors that IWG would sell the walls of its buildings via a dedicated structure to focus on their operation, Mark Dixon admits that this model is for him the future of the sector. In the buildings of the group, "more than a third (now) belongs to partners," he concludes. "Within five years, the proportion will be reversed: only 20% will be in our balance sheet."

(With AFP)

En Inde, Les Anciennes Villas De Luxe Construites Au Rajasthan Tombent En Ruine

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Une Une “haveli” dans la ville de Bikaner en Inde (©CHANDAN KHANNA / AFP)

Les “havelis”, ces villas emblématiques du Rajasthan, dans l’ouest de l’Inde, ont été construites à partir du XVe siècle.

(LaVieImmo.com) – Les resplendissantes demeures de Bikaner hébergeaient autrefois l’aristocratie et les riches marchands sillonnant les déserts du Rajasthan. Mais les temps ont changé et ces bijoux d’architecture dépérissent en silence dans l’Inde moderne.

Bâties de grès rouge, ces villas emblématiques, appelées “havelis”, sont célèbres pour les ornementations de leurs façades sculptées et leur raffinement. Ces demeures ont été construites à partir du XVe siècle par la noblesse locale. Nombre d’entre elles possèdent plusieurs étages, de larges balcons et de vastes pièces disposées autour d’une cour centrale où l’on vient échapper aux chaleurs accablantes du Rajasthan (ouest de l’Inde).

Mais après des décennies de négligence, un grand nombre de ces monuments sont en ruines. “Beaucoup d’havelis ont disparu sous nos yeux”, explique Gopal Singh, qui organise des marches de découverte du patrimoine dans la vieille ville de Bikaner, située à 400 kilomètres à l’ouest de la capitale New Delhi.

Un patrimoine architectural qui tombe en décrépitude

À son apogée, Bikaner comptait un millier de ces havelis. “Ce qui existe est unique. Pas seulement pour l’architecture élaborée, mais pour une telle concentration (d’havelis) dans un seul endroit”, dit Gopal Singh.

Le déclin des havelis n’est pas propre à Bikaner. Dans nombre d’autres villes à travers l’Inde, le patrimoine architectural des quartiers historiques tombe en décrépitude, oublié par le développement urbain.

À Ahmedabad, principale métropole du Gujarat (ouest) et la seule dont la vieille ville soit inscrite à la liste du patrimoine mondial de l’Unesco, un travail est en cours pour essayer de préserver les constructions anciennes présentant un intérêt historique. Mais à Bikaner, il n’y a pour cela ni l’argent ni l’intérêt. “Ça a été un long combat pour nous d’attirer l’attention du public et du gouvernement sur les havelis de Bikaner”, raconte Gopal Singh.

Conversion en hôtel ou musée pour touristes

Plantée au milieu de déserts, la petite ville (600.000 habitants en 2011) ne figure pas sur l’itinéraire classique des touristes au Rajasthan et semble avoir été largement oubliée par la croissance du géant d’Asie du Sud.

“Si les choses ne changent pas rapidement, nous pourrions ne plus avoir aucune de ces havelis d’ici vingt ans”, met en garde Sunil Rampuria, dont la famille possède le Bhanwar Niwas, l’une des plus grandes havelis de la région et l’une des premières à avoir été transformées en hôtel.

Face au délabrement progressif de leur propriété et à des coûts d’entretien exorbitants, certaines familles ont ainsi fait le choix de convertir leur demeure ancestrale en hôtel ou musée pour touristes.

“Ils viennent ici et sont si ébahis et excités par les couleurs uniques, l’histoire et le style de notre maison”, confie Rachna Mohta, qui promène des visiteurs dans la résidence palatiale vieille de 150 ans de sa famille. “Cela me rend fière”, lance-t-elle.

(Avec AFP)

Faced With The Maquis Of Renovation Aids, The National Habitat Agency Is Trying To Simplify Its Site

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 Renovation aids are numerous and extremely complex Aids to renovation are numerous and extremely complex (© Qimono / Pixabay)

While it fails to meet its objectives, the public agency in charge of subsidizing private housing has rebuilt its site.

(LaVieImmo.com) – The National Agency for Housing (Anah), a public body to subsidize work on private housing, said Thursday measures to simplify access to its procedures, then that she has been struggling for years to achieve her goals.

"The Anah modernizes its communication tools to facilitate access to its helpers," the organization said in a statement. The agency, which reports to the Ministry of Housing, is the body responsible for subsidizing renovations in private housing, particularly in the energy sector.

>> Calculate the energy bonus to which you are entitled with our simulator

For several years, the number of renovations it finances is increasing, but it remains below the set targets. Last year, it financed some 95,000 renovations while targeting 104,000. "The needs of the private park are so important, we can not accept that people give up for fear of administrative complexity," said Julien Denormandie, Minister of Housing.

Dematerialization of proceedings

The Anah has redid its website, with spaces dedicated to communities, individuals (available here) and professionals.

She reclassified her helpers in different sectors to make them more readable. Finally, it initiates a dematerialization of the procedures which will make it possible to establish its file online without having to fill a paper form.

"This is for us to create a reflex + Anah + in any individual who wants to start renovations and learn about available public aid," concluded Valerie Mancret-Taylor, general manager of Anah.

(With AFP)

Real Estate: The Mad Rush Of The Thirties

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Once their professional choices are made and their career launched, home and baby (s) are often top priorities for the thirties. Much later than their parents, admittedly: according to INSEE, women are on average 36 years old and men 38 years old at the time of their marriage. In twenty years, the average age at marriage has increased by five years! And for same-sex marriages, it's even later: 44 for men and 38 for women. For the PACS, INSEE does not give the average age, but the trend is essentially the same. As for babies, according to INED, the average age of parents at the arrival of the first child continues to increase: 30.6 years in 2018, against 29.8 years ten years earlier. Fifty years ago, less than 10% of women became mothers after age 30, compared to one-third of them.

Favorable credits for first-time buyers

If the traditional patterns are shifted or reversed, the first child sometimes arriving before the ring finger, so far the concerns remain the same: buy or not his principal residence and build a heritage, especially to cope with the long supposed studies of offspring. "The arrival of a child is very often the trigger for the purchase of a principal residence," confirms Bruno Rouleau, director of partnerships at In & Fi Crédits. Faced with relatively high rents, especially in large cities, the comparison with the repayment of a mortgage quickly turns in favor of homeownership. Even more so since 2016, when credit rates reached an unprecedented level: 1.33% on average excluding insurance and all loan durations combined. It has risen a little since – 1.44% in February 2019, according to data from the Housing Credit Observatory / CSA – but remains particularly low. Hence the rush on stone, with record levels of more than 950,000 annual transactions for two years.

A first rental investment to defiscalis

These real estate purchases concern the principal residence, but not only: some rely on the rental investment, others on the "paper stone". Thus, a number of Parisian renting couples, executives or professionals who have 3,000 to 3,800 euros per month, and are therefore taxed at 30%, can quite pay a rent of 1,200 to 2 000 euros per month to rent a 2 or 3-room apartment of 35 to 60 m². But to buy such a surface in a good neighborhood, it is necessary to count on a budget of 500,000 euros, with 50,000 euros of contribution for all costs and transfer duties. "With a 25-year loan with 2% insurance included, the monthly payments will amount to 2,500 euros, not counting charges and property tax," calculates Farid Ailam, founder of Valorem Investments. It's impossible to go into debt so much for a couple who earns less than 7,000 euros a month. Some prefer to turn to rental investment, especially under the Pinel scheme, which will allow them to reduce their income tax. "In some communes of Greater Paris, you can buy a property for 200,000 to 300,000 euros, financed on credit, a monthly payment of 900 to 1,000 euros for a large studio or a small 2-room, while the corresponding rent will be around 650 euros. Not to mention a tax savings of around 4,000 euros per year, "says Farid Ailam.

Paper stone to subscribe with caution

Others prefer to turn to REITs (civil real estate investment companies), which can be bought on credit, knowing that interest rates are, in this case, often a little higher than those of a classic credit. "For those who live in a city where the real estate market is not very dynamic, or even where prices are falling, the SCPI are an opportunity to invest in sectors in progression, on diversified assets," advises Alexandre Claudet, CEO of the company Neighbor management. But beware: "Rents paid do not usually cover monthly payments, so we must take into account a savings effort in its budget, warns Paul Bourdois, co-founder of FranceSCPI.com. And you can always lose money, especially in the short term. Consider large expenses (on average 10%) and remember that the underlying real estate is still cyclical, neither rents nor share prices are guaranteed. A few precautions are necessary: ​​"To limit the risks, it is necessary to have a horizon of placement of at least ten years", specify Bruno Narchal and Jean-Maximilien Van Cayezeele, Crystal Group Expert and Finances.

Life insurance to prepare the future of children

Whatever the investment chosen, one must keep a precautionary saving of about three months' wages to cope with the imponderables and save for his children. Sometimes also by putting the grandparents in contribution. Life insurance will build capital gradually using scheduled payments. "To invest a small amount of capital, or to build one up gradually, life insurance can be opened on behalf of children or grandchildren with an accompanying pact with an unavailability clause, usually until the beneficiary's 25 years", explains Catherine Costa, Director of the wealth solutions division Natixis Wealth Management. And as children or grandchildren have time before them, we must diversify: "We must invest partially on units of account to boost performance," said Olivier Sentis, CEO of La Mutuelle d'Ivry.

 SOURCE: INSEE "height =" 726 "src =" https://www.challenges.fr/assets/ingedata/2019/04/19/00000047_01.jpg "width =" 370 "/> </p>
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<p> Once their professional choices are made and their career launched, home and baby (s) are often top priorities for the thirties. Much later than their parents, admittedly: according to INSEE, women are on average 36 years old and men 38 years old at the time of their marriage. In twenty years, the average age at marriage has increased by five years! And for same-sex marriages, it's even later: 44 for men and 38 for women. For the PACS, INSEE does not give the average age, but the trend is essentially the same. As for babies, according to INED, the average age of parents at the arrival of the first child continues to increase: 30.6 years in 2018, against 29.8 years ten years earlier. Fifty years ago, less than 10% of women became mothers after age 30, compared to one-third of them. </p>
<h3> Favorable credits for first-time buyers </h3>
<p> If the traditional patterns are shifted or reversed, the first child sometimes arriving before the ring finger, so far the concerns remain the same: buy or not his principal residence and build a heritage, especially to cope with the long supposed studies of offspring. "The arrival of a child is very often the trigger for the purchase of a principal residence", confirms Bruno Rouleau, Director of Partnerships at In & Fi Crédits. Faced with relatively high rents, especially in large cities, the comparison with the repayment of a mortgage quickly turns in favor of homeownership. Even more so since 2016, when credit rates reached an unprecedented level: 1.33% on average excluding insurance and all loan durations combined. It has risen a little since – 1.44% in February 2019, according to data from the Housing Credit Observatory / CSA – but remains particularly low. Hence the rush on stone, with record levels of more than 950,000 annual transactions for two years. </p>
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