When employment boosts real estate!

Unemployment registered a net decline in September 2017 after two months on the rise: less 64800 category A applicants in mainland France. In this context, a recent barometer has focused on identifying the top 20 French cities in terms of employment, wages and real estate. An approach that lays the groundwork if you have professional desires while the real estate market remains on the rise!

In its last note of conjuncture (October 2017), the Notaries of France return on the good health of the real estate market in France : at the end of June 2017, the cumulative number of the transactions reached the record level of 921000 against 819000 a year more early. As a reminder, this figure was 652,000 in February 2013 and 564,000 in August 2009 at the time of the crisis of premiums. The increase is estimated at + 5% by June 2018.

The still low interest rates are one of the major explanatory factors for this growth: on the national average, the Meilleurstaux.com website is counting on 1.15% for a loan of 15 years duration and 1.55% for 25 years. These affordable rents of money favor debt ... by encouraging a little budget to take additional square meters (the famous piece more!), For example in the case of a second purchase; By giving more room for maneuver to first-time buyers who launch even without significant contribution and extend the duration of the credit to compensate.

But interest rates also have a "perverse" effect on prices via the game of supply and demand because sellers do not hesitate to revise their requirements upwards since buyers can potentially spend more ... 'former, we recorded + 0.8% in the 2nd quarter 2017 compared to the 1st, according to the data collected by the Notaries of France with a disparity between apartments (+ 1.3%) and homes (+ 0.5% ). Over twelve months, from the 2nd quarter of 2016 to the 2nd quarter of 2017, growth was + 3.2% between + 3.9% for apartments and + 2.7% for houses.