Real estate: rentiers or simple savers, who are really the multi -owners in France?

Income, age, sex, region … INSEE draws up a robot portrait of owners from at least two dwellings.

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Response of rents, Prohibition to rental of thermal colanders,, praisetax advantages removed … “THE rental investors are massacred “regretted Jordan Frarier, president of Foncia Transaction, during the presentation of his quarterly conjuncture point, Tuesday April 1. He echoed his colleague Xavier Belvaux, Managing Director of We Invest France, who deplored, in the program The big real estate meeting (Capital/Radio Immo) of March 28, of “Do not see anymore” rental investors customers, that “The State seems to consider as annuity»». Gold “This is not the case, most rental investors buy only one or two goods, to ensure a supplement of retirement income”underlines Jordan Frarier.

Who are precisely the multi -owners, holders of at least two dwellings, according to the definition chosen by INSEE in a study published this Wednesday, April 2? First, there are the “small” multiproprities and the “big”. The first are ultra-majority, 60% of multi -owners having only two dwellings. Holders of at least 10 dwellings represent only 3% of multi -owners. In addition, half of the multi -owners are women (49 %) but they represent only 40 % of those holding at least 10 dwellings.

A peak of multiple controllers around sixty

Afterwards, Multipropriors are older and wealthy that owners of a single accommodation. As a rule, “The ownership is done over time”recalls INSEE, so that the share of owners is “Very weak” below 25 years. Between 35 and 90 years old, the share of owners of a single accommodation, generally their main residence, remains relatively stable, around 40%. On the other hand, that of the multi -owners increases gradually, to reach a peak around sixty, with Three people out of ten aged 55 to 65 who are multi -owner.

Beyond 65 years, the multi-ownership decreases, to only concern only a person aged 90 or over ten. “After having accumulated heritage during their lifetime, the oldest tend to part with it, for example to make donations to their descendants or to pay their expenses related to loss of autonomy ”decrypts INSEE.

Multi -ownership increases by going south

Evaluated by the latter at 30,700 euros per year, the median standard of living in multiple drugs, which takes into account all the income of their household, is a quarter of a quarter of a single accommodation (25,000 euros) and half to that of non -owners (19,900 euros). The higher the number of goods, the higher the standard of living. Thus, at 41,500 euros, the median standard of living of holders of at least 10 dwellings is 43% higher than that of holders of two dwellings (28,900 euros). “Wealthy people have a higher savings capacity, which they can use to build up a real estate heritage”according to INSEE.

On the geographical level, residents of the Alpine departments, ranging from Haute-Savoie to Alpes-de-Haute-Provence, and rural departments, from the south of the Massif Central at the Ardèche, are more often multiple: they represent a quarter of people aged 25 or more. Multi-ownership also increases according to a North-South axis. Thus, the departments of the North, Pas-de-Calais and Aisne have less than 16% of multi-owners. Multi-ownership is logically the weakest, at 12 or 13%, in departments of the lowest living standards, such as Seine-Saint-Denis and overseas departments.

Property mainly rented

What do the multiple owners do with all these accommodation? Outside the main residence, Six in ten multi -owner dwellings are rented. The balance is shared almost equal between second homes (23%) and vacant housing (20%). In this last category, 55% of goods have been empty for more than a year. These include goods received in inheritance and whose fate – sale or rental – awaits the settlement of the succession.