The real estate and financial assets held by the French will approach 15 billion euros in 2022, almost equivalent to that of 2021. Explanations.
INSEE published this Wednesday, September 20, a new study on the real estate and financial assets held by the French. at the end of 2022, it will be established 14791 billion euros for all households (1)compared to 14.6 trillion euros in 2021. An increase of only 0.3% after a jump of almost 9% in 2021.
In detail, real estate represents 9,481 billion euros for households. INSEE distinguishes between housing (4,737 billion euros) and other buildings (197 billion euros) and built-up land (4,547 billion euros). Real estate assets therefore continue to increase but INSEE notes a clear slowdown over one year (+3.8% in 2022 against +9.1% in 2021) caused by that of goods prices (+3.5% after +9.1% in 2021).
A trend notably due to the slowdown in the rise in prices of built land (+0.6% after +9.7%). The value of housing (excluding land) +6.2% remains driven by the rise in the price of raw materials.
Life insurance: SCPI, SCI… Still a good time to include real estate in your contract?
Financial assets down 7%
THE financial assets households rise 4356 billion euros net, down 7.1% over a year. Between 2020 and 2021, this wealth increased by 7.7%. This decrease is mainly explained by the drop in assets, according to INSEE.
Household assets held in life insurance contracts represent 30% of their total financial assets. They decreased significantly (-12.1% after +1.6%), under the effect of the fall in stock prices and the rise in interest rates and despite positive net collection flows, explains the INSEE. According to figures from France Assureurs, net collection in units of account (UA) stands at +€34.3 billion at the end of 2022.
(1)Including individual entrepreneurs (EI) and non-profit institutions serving households