In the province the situation is very mixed

Real estate crisis will have at least been this virtue: to highlight the lack of coherence of the announced figures here and there. The most representative of the market (60 nationally and 80 in Ile-de-France), are those of notaries. What do say That the former real estate price decline finally lasted... a year, "in the second quarter of 2008 in the second quarter of 2009", with an overall fall in the period of 9.3. Since then, the price back timidly in France: 0.3 in the third quarter, 1.8 in the fourth quarter of 2009, 1.1 for apartments and 0.9 for houses in the first quarter of 2010 (the overall data is not published). For the suite, the only currently available flags are those of real estate agents - notaries shall disclose the figures for the second quarter of 2010 for the entire France as late October. But in these real estate agents, the largest cacophony reign: Fnaim Announces prices decreased by 0.9 in the first half of 2010, when Century 21 or Guy Hoquet networks display increases of respectively 4.89 and 4.25...

The crisis is cleared in Paris

Everyone agrees on one point: the Parisian market, due to a chronic shortage of goods put to sale, is distributed faster and stronger. Harm (or benefits) of the crisis are indeed completely erased: the average price of an apartment in the capital, 6.680 euros per metre square in the second quarter of 2010, exceeded his highest historical (6.630 euros), according to figures disclosed yesterday by the notaries of Paris and Ile-de-France. More away from Paris, the recovery is moderate. Prices are indeed rose by 9.8 in the capital on the past twelve months (arrested in late June), by 7.7 in small Crown and 6.8 in large Crown.

In the province, the situation is very mixed. Prices go back, but not everywhere: in downtown and areas wanted to the periphery. But rare are the places where they returned to their more high.

The credits at the lowest cost

If it is not always easy to tell if this is the time to buy, one thing is certain: it is time to borrow. Mortgage rates have never been as low: 3.4 on average (excluding insurance and guarantees) for credit fixed rate over fifteen years and 3.6 over 20 years, according to Empruntis. Since November 2008, rates continued to decline, which has significantly improved the ability to purchase of borrowers. "For a monthly payment of 1,500 euros twenty years on, it is passed, between October 2008 and today, from 219.860 euros to 256.361 euros." "Be with an average price of 3,000 euros per square metre, 12 m2 gained additional surface", according to Empruntis. Needless to rush, economists (box read), the rate of fixed-rate credit as variable rate should remain low until the end of the year, or until the next spring.

Ability to purchase on the rise

Starting from these two findings, rising prices and lower the cost of credit, we wanted to measure changes in the purchasing power of real estate on the past two years. The acquisition of housing expensive it it more or less that two years ago With a contribution of 30 and a fixed loan on 20 years (see tables pages 4 and 5), the purchasers are winners, even in Paris, where prices have yet exceeded their more high. The economy is sometimes very substantial by the purchaser. In the capital, for example won 126.877 euros in two years on the purchase of an 80 m2dans the 6earrondissement. The gain on the cost of real estate is "only" 19.200 euros in two years, but it is of 107.677 euros on the weight of the credit. The situation is the same in the other 3 boroughs of Paris who have not yet found their most top in terms of price (14th, 16th 15eet).

In the suburbs also, time savings, with one exception however is: Clamart, where, for the purchase of a House, the total cost of operation is higher in June 2010 in June 2008. In the province, the operation remains also largely for the benefit of buyers, especially that prices do not always have the Paris force.

Is - for all the time to buy Over the past two years in any case, the current period is the most favorable if it borrows at least 70. So another will soon affect the purchasing power real estate: the removal, to January 1, 2010, the tax credit on the interests of borrowing for the purchase of a principal residence. This benefit could represent, depending on the situation of family, a nice coup de pouce: 10.200 euros of total tax credit (maximum reduction), for a couple with two children, who borrows 283.000 euros on twenty years 3.60 (see page 7). For those who are already owners, there are only a few weeks to take advantage, the Government announced that the replacement device is send to primo-homebuyers.