The boom in real estate transactions in 2021
This year, the number of properties offered for sale in France is rising sharply, with a total of one million real estate transactions completed. According to Béatrice Dossou-Yovo, founder of Amberstone, this new record is the result of the evolution of French real estate purchase projects: “the health crisis has had a lever effect in real estate investment, as evidenced by study by the Ifop polling institute (The French, access to real estate and the image of real estate loan brokers - wave 8, April 2021): 44% of 25/65 year olds want to become owners. ”
An increase in the number of so-called “modest” investor households
“Home loans are on the rise: 110,7 billion euros in the first half of 1, and outstandings are also growing,” says Béatrice Dossou-Yovo. For the Amberstone firm, these records of access to property can be explained by the relaxation of the HCSF (High Council for Financial Stability) and the increase in the authorized debt ratio; a new advantage for the most modest households which can now reach a debt ratio of 2021% maximum.
The need for comfort, a new criterion for real estate research
Need more space, greenery, for the French, to feel good at home passes above all by the comfort which the accommodation offers. According to INED (Housing, work, neighborhood and living conditions: what confinement has changed for the French, May 2020), the search for more comfortable housing constitutes for 15% of respondents a major motivation to 'property investment. The purchasing criteria have changed for more serenity and a new living environment: pleasant volumes, light, insulation and outdoor spaces.
An increased appetite for investing in new and ecological housing
The new environmental standards in the real estate market echo the desire of households to invest in goods that comply with and respect the environment. Buying new ecological housing that meets the regulations of the Local Urban Planning Plans (PLU) offers many advantages. The new RT2012 thermal regulations will come into force on January 1, 2022 and will notably enable energy savings to be made.
”The energy budget is a major expense for households (households spend 8,5% of their budget on energy in 2019, according to INSEE). Turning to properties that meet environmental standards and have good insulation - like new ones - are part of the selection criteria for investors ”, specifies the founder of the Amberstone cabinet.
Zero Rate Loan, Pinel law… the advantages of French legislation
In essence, 2022 is a particularly favorable year for investing with regard to the 2022 finance bill. On the one hand, the extension of the PTZ for first-time buyers until the end of 2023. On the other hand, the extension as well as the modification of the Pinel system is boosting real estate acquisitions. With this incentive scheme, the investor benefits from a significant tax reduction and the tenant benefits from a controlled rent, a win-win result.
“The health crisis has upset the codes of the real estate market and at the same time reinforced the confidence of the French who consider real estate as a long-lasting and lucrative financial investment. In Ile-de-France, the real estate market is particularly dynamic with the Grand Paris project: expansion of the public transport network (Grand Paris Express), increase in economic activity, in the number of inhabitants and therefore in demand for housing. The 2024 Olympic Games are also a boon for investment in new buildings: the area will see 2 family homes and 200 specific homes flourish. Buying housing near future metro lines (900) can therefore represent a good long-term investment. The municipality of Saint-Denis will also host the Rugby World Cup 15,16,17,18 ” explains Béatrice Dossou-Yovo, founder of Amberstone