Lots of real estate, on the price and credit side, astonishing statistics on the current accounts of French households, and an online banking bonus. Here are the 3 news of the day to remember for your wallet.
Current account: a very high average but reduced by the Livret A
Although down, this average remains breathtaking: 16,737 euros in the current accounts of each of the 30 million French households. A declining average, but which remains very very high (more than double) compared to the end of the 2000s. The movement is quite clear: the money withdrawn from current accounts joins the little little Livret A, LDDS or Livret d’epargne populaire , rmunrs 3% and 6% respectively.
Livret A, LEP… Where does the money that the French take from their current accounts go?
Buy or rent? The game changes
After how many years does a real estate purchase pay off compared to remaining a tenant? A few years ago, the purchase was profitable in 2 years, but now a purchase of a property of 70m2 will now take 15 years and 6 months to be profitable, on average. Mal Bernier, spokesperson for Meilleurtaux, which publishes this study, nevertheless reminds us: If the buyer takes longer to make the purchase of his main residence profitable, the fact remains that at the end of this period they have a roof that no longer requires a monthly payment and therefore provides exceptional security when the rent will still be payable even after 15, 20 or 30 years.
Buying real estate: why you might be better off staying as a tenant
Real estate: the fall in prices is becoming clearer
Sales fall, very sharply… When prices, they are slow to drop frankly. Certainly, symbolically, the average price per m2 has fallen below the 10,000 euros mark in Paris, a first in 20 years. But, prices fell by -0.4% nationally over one year, notes Meilleurs Agents. No more. Far from being a fall. But a sharper decline, around -4%, is anticipated over the next 12 months.
Real estate: sales in freefall while waiting for lower prices
Bonus: credit cards in online banks?
Debit cards, which allow you to pay for your purchases at the end of the month (for example, once a month but the date varies from one bank to another), are not the most common in the wallets of the French. This Tuesday, MoneyVox goes around the conditions of access to these specific cards in online banks.