Housing bubble?

The property prices in France and the United States have experienced a dramatic rise since 2000. If we know, the United States, the phenomenon of the housing bubble since 2007 with the subprime, no such thing in France. The largest correction in France was only 7% in 2009, 2011 and prices seem to be those of 2007.

So what are the motivations of investment in France? They remain confined to residence requirements or rental investment, to overcome the risks of a guaranteed retirement less than before. They are driven by needs and not by speculative investments with hope of more value. There is a shortage subject to the tax revenue related to capital gains real estate since 2008. These products are significant, but still very weak compared to those associated with the ISF or property taxes.

Even areas like the Riviera or the Lyon region are dynamic niche principal residence, rather than exceptional products for foreign customers. In 70% of the debt on a principal residence.

We are not in the same pattern of investment, either in the same extension of credit, as the United States. The housing bubble does not appear to be a possible phenomenon in France, as demand remains strong, even if the accommodation is very heavy for French households.

figures to remember are 3, 8 million households, or 14% in total, close to the precarious situation. the average refund of real estate loans was 745 euros monthly in 2008. Finally, the burden of repayments of loans to 21% on average the amount of income available.