As every year, Ipop probed the French report on real estate. The results of this study published in early April highlight the delicate period for the purchasing power of buyers, despite a mortgage that has never seemed so affordable . Budgets are affected.
Context weighs on candidates for purchase
So, is it time to buy? Difficult despite the low mortgage rates if we believe the result of this Ifop study for Optimhome: less than half of the respondents consider that the political and economic context lends itself to a real estate purchase in 2019 (45%), or 17 points less than the previous year! It must be said that only 53% of French people are generally optimistic about their situation, a figure that drops to 28% when it comes to talking about the economic and social front of France.
A budget in slight decline
Ifop has also focused on the French who have acquired their main residence in the past three years. One observation: their budget fell slightly: if the highest proportion concerns the range between 100,000 and 150,000 $ (23%, -1 point), the tranche 250,000 to 350,000 $ fell sharply (14%, – 6 points) for the benefit of the 200,000 to 250,000 $ (21%, +8 points). For the rest, perfect stability compared to 2018 for a property purchase budget of less than $ 100,000 (12%) and from $ 150,000 to $ 200,000 (21%).
Ever longer mortgage loans
And the mortgage in all this? They are 82% having acquired their main residence in the last three years to have used a mortgage, a figure stable compared to 2018 and which climbs to 96% among workers, 92% among managers and 90% among Millennials.
In terms of duration, Ifop recorded a strong increase in mortgage loans between 21 and 30 years (47%, +16 points in one year), to the detriment of loans concluded between 16 and 20 years (27%, -4 points ). Real estate credit of more than 30 years remains anecdotal (1%), while contracts of 15 years and less are in sharp decline (25%, -12 points).