Surprise: According to some estimates, it would be possible to buy a good twice as big as in 1984 through low credit rates, but the real estate purchasing power varies greatly depending on the region.
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How many square meters can we buy with its income, and can one acquire accommodation as big as it is ten or twenty years ago? A study by the website of better advertisements over the last fifty years indicates that the purchasing power of the French has been maintained since 2017 and that it is currently possible to purchase 60 m 2 for A median disposable income equivalent to 2,525 euros, against about 30 m 2 in the 1980s.
“We wanted to check what we mean everywhere: the price of housing is so high that it became impossible to buy. But, once the study did, the results surprised us,” says Barbara Castillo Rico, responsible for economic studies at better agents.
The real estate purchasing power depends on the prices of real estate, but also the evolution of the income and the rate that can be borrowed. In 1982, purchasing power was low and high interest rates (18%): median income allowed to buy 24 m 2 only. In the 1990s, revenues increased more strongly (+ 16%) than prices, which remained stable (1%) with interest rates that fell to 9.3% in 1993 and 5.2% In 1999. That year, households could purchase an average of 64 m 2 .
According to the calculations of the ad site, since 2017, the real estate prices increased by 14.5% while the incomes only increased by 11.2% at the same time. However, historically low interest rates in recent years, on average at less than 2% over twenty years, have allowed purchasers to lower costly, which has neutralized price increases. This makes it possible to arrive at an average purchasing power of 60 m 2 .
Important variations between the regions
In the last two decades, the evolution of real estate purchasing power seems to have deteriorated in other studies. Notaries estimate that between 1999 and 2019 it decreased by 13%. In addition, it varies strongly depending on the region where you want to acquire. With the same income, it is possible to buy 50 m 2 in Ile-de-France but 180 m 2 in the limousin.
In 2019, the last barometer established by the notaries indicated that the purchaser power in the Ile-de-France and Provence-Alpes-Côte d’Azur regions was the lowest, between 50 m 2 and 60 m 2 , due to very high real estate prices and high demand. These regions are followed by Aquitaine, Rhône-Alpes and Languedoc-Roussillon, where it is possible to purchase 90 m 2 . On the other hand, it is in the northeast, with the exception of Alsace, and in the Limousin that the purchasing power is most important: it is almost three times higher than that of Provence-Alpes -Côte azure.
In Limousin, it is possible to buy 176 m 2 , in Burgundy 148 m 2 and champagne-ardenne 150 m 2 . The metropolises were particularly affected by the rise in real estate prices and it remains difficult to buy.
In a panorama of real estate prices In the last ten years, Nexity recalls as well as the prices in Paris have experienced more than 56% increase between 2010 and 2020, a growth that brought the price per square meter median to cross The symbolic bar of 10,000 euros in 2020. In ten years, prices in Lyon increased by 67%, 48% in Rennes, 40% in Nantes and Strasbourg, and even 73% in Bordeaux.
In these big cities or in the highly requested sectors such as Aquitaine, best estimates that the acquirers lost twenty square meters between 2000 and 2021. Even if the situation is better than in 1984, the feeling that It is not possible to buy housing with sufficient surface if the median income is perceived is well confirmed in fact.