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Owning your own home is becoming more and more complicated for young people. Some prices have skyrocketed since deconfinement while the banks are stepping up their demands.
In Paris, Jonathan Sellem, 27, is looking for a pied-à-terre for her family. “I know it’s extremely difficult to get a loan from the bank, so I’m very happy that I got a loan.“ With a contribution of 60,000 euros to buy his first home, this young man working in finance is one of the privileged young people. Indeed, transactions for first-time buyers under 35 are on the decline: they only represent 20% of Rudy’s sales Harosh, real estate agent in Paris.
In France, 59% of owners are over 50 years old. For others, owning property is more and more complicated. With rising prices and no contribution, 44% thirty-year-olds are forced to turn to rental.
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