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Real estate: is it better to buy or rent?
Real estate: is it better to buy or rent?
(France 2)
Is it better to buy or rent real estate? The time it takes to make a real estate purchase profitable varies greatly from one city to another. However, the drop in interest rates means that the purchase will become more and more profitable, according to the Meilleurtaux spokesperson.
In a town in the Oise, near Creil, Serge Valenza, a real estate agent, has just put up for sale a 70 square meter apartment in an old residence. Rented until now at 850 euros per month, it is offered for sale at 97,000 euros. “Plus the notary fees of 8,000 euros, we arrive at a total cost of 105,000 euros. he specifies. According to the real estate agent’s calculations, the purchase is more attractive in just 14 months, compared to paying monthly rent.
Buying still seems difficult for a large proportion of tenants
In this sector of Île-de-France, an owner pays off his purchase in four years and eight months on average, also taking into account notary fees, inflation and interest rates. Enough to encourage residents to get started.
But the time it takes to make a property purchase profitable varies greatly from one city to another in France. Regardless of the location, purchasing will become more and more profitable, according to Maël Barnier, spokesperson for Meilleurtaux, who cites the drop in interest rates. But, due to lack of sufficient funds, buying still seems difficult for a large proportion of tenants.
Among our sources:
Press release from Meilleurs Agents
Non-exhaustive list.
