Is it true that having a home at “1.3 million euros” does not make you “a rich person”, as Eric Zemmour says?

Eric Zemmour would not be against going back on the IFI, the tax on real estate wealth, which 143,000 households paid in 2020 because their assets exceed 1.3 million euros. An unfair tax according to the polemicist because according to him, we can have a home for more than a million euros without “to be necessarily rich”. He took a specific example, Monday, November 22, on franceinfo: “1.3 million in Paris is 100 square meters. They are not what we call rich.”

Contrary to what Eric Zemmour says, owning of a good at 1.3 million euros, means that you are part of the richest 3% of households, according to the latest figures from INSEE, published last summer. By comparison, the National Institute of Statistics also tells us that the average net wealth in France per household, once credits have been deducted, amounts to around 240,000 euros. That is to say almost five times less than the figure quoted by Éric Zemmour.

By giving a price of “1.3 million euros for 100 square meters”, the polemicist also exaggerates the prices of Parisian real estate. The prices in Paris are indeed very high, but not as high. According to the latest figures from Île-de-France notaries, calculated on recent sales, the average price per square meter in the capital is 10,750 euros, not 13,000, as Eric Zemmour suggests. In reality, the prices that he takes as an example correspond mainly to beautiful neighborhoods. Only four arrondissements out of 20 are above 13,000 euros per square meter: These are the 1st, 4th, 6th and 7th arrondissements, that is to say those located in the hypercentre of Paris.


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