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Sébastien Laye: "Housing has locked some French people in a poverty trap"

2023-06-04T17:11:39.176Z

Highlights: About 58% of households in France own their principal residence. A third of homeowners are first-time buyers, having not yet finished repaying their credit. This means that the homeowner population is aging with 40% of them holding their property debt-free. The entrepreneur and economist is the author of the report "Building better and more housing in France, it's possible", published by the Thomas More Institute last March. "When we look at acquisitions over the last five years, the property no longer protects," laments the entrepreneur.


INTERVIEW - "When we look at acquisitions over the last five years, the property no longer protects," laments the entrepreneur and economist.


The entrepreneur (especially in real estate financing) and economist is the author of the report "Building better and more housing in France, it's possible", published by the Thomas More Institute last March.

THE FIGARO. - How is the share of owner households in France over the long term evolving?

Sébastien LAYE. - About 58% of households own their principal residence. This proportion increased sharply (by nearly 8 points) from the 1980s to 2010. The real estate boom of recent years – which is now giving way to a slow turnaround – has not brought many more households into homeownership. A third of homeowners are first-time buyers, having not yet finished repaying their credit, a share that has not increased for fifteen years. This means that the homeowner population is aging with 40% of them holding their property debt-free.

See also What are the real reasons for the housing crisis?

Is there still a real estate journey, with a beginning of life in the social before becoming...

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Source: lefigaro

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