Is it better to be owner or tenant of his accommodation? With credit rate which have not dropped for about six months and real estate prices which leave – slowly – upwards, this dilemma is again for the aspirants to the property. There is no unique answer to this question. It all depends on the city where the property is located, as shown by a recent study by the real estate advertising company Casavo, which relates to the respective costs of the purchase and theochation an apartment of 45 square meters in 10 large cities French.
Over eight years, which corresponds to the average holding duration of a property, buying remains more advantageous in 6 of these 10 cities, namely Nice, Marseille, Toulouse, Nantes, Lille and … Paris (see infographic). Admittedly, the price per square meter exceeds 9,700 euros in the capital, which requires spending nearly 440,000 euros to afford only 45 square meters. A sum to which must be added notary feeswhich represent 7% to 8% of the purchase price, the property taxestimated by Casavo at 2,000 euros per year, as well as the co -ownership charges.
Purchase, a winning strategy in many metropolises
However, on the basis of an increase of 1.5% of the value of the property each year, the company estimates its resale price after 8 years to almost 490,000 euros. Taking into account the early reimbursement of the credit – over 25 years, at the rate of 3.35% – contracted to finance this acquisition, in addition to a personal contribution representing 10% of the amount of the operation, Casavo estimates the cost of it to 73,756 euros over 8 years. A lower cost of 67,950 euros to that of the rental of the same 45 square meters in Paris, valued at 141,706 euros over the same period! It must be said that, although they are supervised, the rents rise in 32 euros per square meter In Paris, against only 14 euros on average in France, according to Seloger. Rents to which should be added loads and which are indexed to inflation.
In a fairly counter-intuitive way, it is therefore less expensive to be the owner of your accommodation in Paris than to be a tenant. “The purchase remains a winning strategy in many metropolisesin particular in Paris where very high rents make the investment profitable in a few years ”, underlines Arthur Rollin, CEO of Casavo in France. It is still necessary to have the means to afford a roof in the capital: to buy this famous 45 square meters at almost 440,000 euros, with a contribution of 10% and a credit over 25 years to 3.35%, you must win at least, hold out well, 6,509 euros per monthcalculates Casavo. Net, not in gross.
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Cities where purchase and rental are equal
As with Paris, it is due to high rents that the purchase is more interesting in Nice, Marseille, Toulouse, Nantes and Lille, explains Casavo. This, despite purchasing prices that are not given either. HAS Nicefor example, where the square meter is worth more than 5,000 euros, the acquisition of a 45 square meters, at a price of 230,175 euros, funded with 10% contribution and a credit over 25 years to 3.35%, will cost you 77,516 euros over 8 years. While the rental of the same property would come back to 90,875 euros over an identical period, The average rent tutying 20 euros in Nice.
In Annecy, on the contrary, “The purchase prices far exceeding the level of rents, The rental is more judicious»»notes Casavo. Of the 10 cities studied by the company, the Venice of the Alps is none other than the most expensive second, behind Paris, with an average price per square meter of 5,513 euros, while the average rent is “only” of 18 euros. In Aix-en-Provence, Lyon and Bordeaux, on the other hand, purchase and rental are equal. “The choice depends above all on life project»»estimates Casavo. Financial security by constituting a heritage, or freedom and mobility, it is you who know what you prefer!
