Real estate credit: faced with rising prices, increasingly substantial contributions

First-time buyers, who represented 61,4% of real estate projects in 2021, contributed on average 68.448 euros, an increase of 4,6% over one year, while the share of non-contribution decreased by one point , at 7%.

They are "more economical" and "borrow more" because of the rise in prices and while their level of income is "stable", explained in a press conference Cécile Roquelaure, director of studies at Empruntis.

Second-time buyers, for their part, saw their contribution from savings climb 11% to 88.547 euros, and that from the resale of their previous property increase by 6,8% to around 159.000 euros. The share of without contribution amounts to 22% (-2 points).

"If borrowing without a contribution is no longer the rule, it is not the banks that demand it but the expectations of households in a market where goods are today insufficient in number to meet the convergence of needs and wishes ", underlined Empruntis in its press release.

Regarding second homes (less than 5% of projects), the average contribution from buyers jumped 17% in 2021, to around 100.000 euros, while the average loan amount climbed 13% to just under 200.000 euros.

According to Ms. Roquelaure, this increase can be explained, in part at least, by the excess savings achieved by the wealthiest households since the start of the pandemic.

The only exception, rental investors, who represent 13,9% of projects, saw their average contribution drop by 1,3% to 46.361 euros while the share of non-contribution increased by one point to 19%.