A positive perception at any age
Property is perceived positively by all generations and current heritage situations. This idea has its roots first of all in the common feeling, and constant whatever the age, of being at home according to 67% of the people questioned by Elabe for land credit.
Whatever the age groups, property is also seen as a way to build up assets for one’s future (49% total quotes) and that of one’s children (54% total quotes), and a way to secure one’s situation. for retirement (50% total quotes).
Here we see the importance of real estate in creating wealth. This characteristic is most often found in rental investment decision-making, particularly in the Pinel law. Government system allowing you to build up real estate assets by exempting part of these taxes (see Pinel government law).
Property is also a means of independence for 37% of respondents across all age groups. Among young people in particular, it is “a source of pride” (36% of quotes among 18-24 year olds) and “a sign of social success” (27% of quotes among 18-24 year olds). It is only considered “useless” by 3% of those questioned.
Real estate, a preferred investment for savers
Stone clearly remains the preferred and favored investment by the French, thus, the share of real estate in the assets of a French saver is 66% of total assets.
Questioned by Elabe, 7 out of 10 French people say they would choose the stone if they received a large sum of money. 33% through rental investment such as the Pinel law (45% among 18-24 year olds compared to 19% among those aged 65 and over), 30% by purchasing their main residence and 9% a second home.
If the choice of the function of the property varies greatly depending on the respondent’s financial situation, the choice of real estate is invariable (68% among current owners of their main residence, 42% favoring rental investment; 79% among tenants of their home, with 58% favoring the purchase of their main residence).
The share of average financial assets is much lower than that of real estate assets even if it increases with age, but much less markedly than real estate assets. This is explained by the fact that households go into debt to build up real estate assets.
Overall, financial wealth remains lower than real estate wealth at all ages of life.
Low rates to the rescue of real estate
French households report difficulties resulting, for the most part, from the rise in property prices and a drop in their purchasing power; conversely, they are aware that the drop in interest rates facilitates accession to the property. 68% of French people declaring that it is easy to access property cited rates as a favorable factor. This phenomenon perceived by households is particularly powerful since in France, the fall in rates has made it possible to increase by 30%, between 2008 and 2016, the property that a household can acquire for the same monthly payment.