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Real estate: living in Paris is always a dream ... under 35s

2021-06-27T13:38:10.042Z


While in recent months, Parisians have tended to (re) discover the attractions of the province, those under 35 are more numerous.


Evil tongues will say that Paris is the city of seniors and tourists.

But it is also that of young workers who do not seem to have been traumatized by the successive confinements.

This is what emerges from a survey commissioned by the start-up Virgil, which helps finance a first purchase, from Opinionway.

48% of those under 35 say they want to live in the capital against barely 28% for all French people.

They are even 65% to want to settle in a big metropolis against 44% for their elders.

This trend therefore goes against the movement of exodus that we have been witnessing for a year. Indeed, with the health crisis and the development of teleworking, many Parisians have decided to move away from the capital for a larger living environment, and especially greener. Desires from elsewhere which are therefore not shared by the youngest.

Thus, the young start-up, created in early 2020, saw the number of loan applications multiplied by eight between December 2020 and June 2021. “In the motivations, we find a lot of what makes the essence of youth namely cultural outings in the broadest sense and the catering offer, in short, anything that encourages encounters, explains Saskia Fiszel, co-manager of Virgil.

But there are also professional reasons.

On the one hand, there are more opportunities than in the Creuse ... But Paris also allows you to create and extend your network.

We can see it in the figures, since 30% of those under 35 are resistant to 100% teleworking.

"

The crisis gives them more opportunities to buy

Living in Paris is good. But owning it is even better. Thus, 85% of young tenants (or housed free of charge) say they are attracted by the idea of ​​becoming owners against 70% for all French people in this same situation. “Owning a home encourages them to save,” she continues. Thus, they manage to set aside more than older tenants because, for the latter, the rent represents about 40% of their budget. "

Finally, the Parisian appeal is also explained by the fact that with the pandemic, prices have fallen and the market has (a little) relaxed, which allows young first-time buyers to be more credible in the eyes. sellers.

“Before 2020, you had to pay at the price and within 24 hours, but today, young workers have understood that they can negotiate and above all take more time to make up their minds, underlines the co-founder of Virgil.

This is why a good number of them have started in recent months ”.

Read alsoReal estate in Paris: prices falling in all the arrondissements

Julien

(the first name has been changed)

, in his thirties, was thus able to lower the price of his apartment by 15,000 euros, to reach 275,000 for 29 square meters (m2) and a small balcony in the 13th century. A sign of his attachment to the capital, he did not hesitate to let go of his old 45 m2 rental. “The small space does not bother me when I see all the advantages of living in Paris, justifies the young man who works in the public service. I have theaters and exhibitions close at hand, bars and restaurants that close late and are open, in principle, all the time, in short, there is a richer social life than anywhere else. "

And financially, he thinks he's doing pretty well.

“I pay only 200 euros more to reimburse my bank, or 1,100 euros against 900 euros before, he explains.

So I don't lose any more money.

And then, in Paris, the professional opportunities are greater.

It is thanks to the network that we know which positions are available.

It gives me a head start over the other candidates.

"

The calculation also works for the suburbs

For her part too, Paula, 33, an executive at L'Oréal, also made her calculations.

“Before, I rented my apartment 1,100 euros and I put aside 1,000 euros per month, but since last October, I repay 1,800 euros per month to my bank and I am the owner, she enthuses.

At least now I'm not throwing my money away anymore ”.

Even if Paula and Paris, it's not really a love story - she hopes to leave within 3 or 4 years - the young woman has understood all the interest of living in the capital.

Paula, an executive at L'Oréal, prefers to buy rather than rent “so as not to throw money away”.

Sebastien thomas

“I used to live in the suburbs and in the evening, to get home, you had to juggle taxis, transport… it was a small budget,” she recalls.

Today, I do almost everything on foot.

The same goes for health specialists.

You are sure to find several in Paris.

This is not the case elsewhere ”.

For her, this apartment is above all an investment.

"Buying here is a safe bet, it will not go down and I know that I can rent it without difficulty", assures Paula.

Read alsoLending 100,000 euros to buy housing in the Paris region: Virgil's ambitious challenge

And for those who dream of going there but who do not yet have the means, nothing is lost. Like Mahdi, 26, who lived in the capital for three years, between 2017 and 2020, but who could not buy. For the time being. He therefore fell back on Clichy (Hauts-de-Seine). “There is everything in Paris, you never get bored,” he smiles. At my age, social life is still very important ”. He therefore made a small concession, preferring a 45 m2 in Clichy than a 30 m2 in the 15th. "But I stay very close and it is while waiting because my goal is to sell in five or seven years and, thanks to the increase in my salary, to buy a two-room apartment in Paris" he maintains. Small consolation, from its 9th floor, he can admire… The Eiffel Tower.

Source: leparis

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