The numbers give the spin. According to the latest statistics from notaries, an apartment of 75 m2 in Paris costs an average of € 800,000. Financing this purchase by borrowing will therefore require repaying more than € 3,700 per month for twenty years. But to convince a banker to grant such a loan, you must have an income of at least € 11,500 net per month! A level of remuneration reserved for a fraction of very, very senior executives.
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Caricatural in Paris, this surge in prices has spread to other large agglomerations in France, where prices are also reaching stratospheric levels. “Many neighborhoods are no longer accessible for those whose only resource is their salary”, notes Sébastien Grobon, researcher at Dares, the statistics service of the Ministry of Labor. To become an owner in these coveted areas, he continues, “You must therefore have a contribution and it is at this point that a donation or an inheritance can change everything and allow the purchase to materialize”.
Often at the time of the first purchase
This family boost, in fact, often comes at the time of the first purchase. Because in many cases, what specialists call “The residential course” starts small. A small apartment, first. A bigger one in a second time. “Those who can afford family housing in city centers today are those who started investing young. They bought a studio when they were single or a two-room apartment when they got together. Then, it is by reselling this first property that they can finance a larger apartment ”, explains Pierre Madec, an economist specializing in housing.
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The donation, in many cases, will trigger or accompany this first purchase. It is then the key that opens the first door and allows you to start building a heritage rather than continuing to “throw rent money out the window”, month after month. This is exactly the path followed by François, quadra now comfortably installed with wife and children in a hundred square meters in the center of Paris. The operation would not have been possible without the resale of a small two-room apartment, bought fifteen years earlier with the help of a donation from his parents.
“Donations that occur at the time of a real estate acquisition, we see a lot of them in our studies”, confirms Thierry Delesalle, notary in Paris. However, adds the specialist, it has not become a necessary step before the purchase box: “Contrary to what happened ten or fifteen years ago, the banks now agree to lend the totality of the necessary sum. This has made young households more solvent, who can become owners without contribution. “
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Statistics recall that the majority of people who buy have never received donations, supports Pierre Madec. But this national reality is crumbling where real estate has become overpriced. In many city centers, concludes the economist, “Those who have only their salary to become owners will be condemned to make many concessions on the location or the surface of their accommodation”.