On the website of EAC a report that debate: Stay classes Average: demand, supply and balance of the housing market
Report Jacques Mistral and Valerie Plagnol
An inventory of the housing market
The current problems in the housing market in France should do not forget that the housing policy since the end of the Second World War has to accompany the profound changes experienced by the Company and that the average conditions of housing has never been so good. Thus, in fifty years, while population has increased by 40%, the housing stock has doubled, reaching, in 2006, 32 million homes.
At the same time, the number of owners of their primary residence has steadily increased and now reaches nearly 57%. The improvement of the park is also qualitative since the proportion of homes without sanitary comfort increased by nearly 40% in 1954 to 2.6% in 2002 and the average surface principal residences increased to 90 sq.m. in 2002. Finally, unlike its European neighbors, France has chosen to offer diverse coexist where private housing, private rental and public rental. This diversity in the housing market, which can combine the flexible offer that requires a society increasingly mobile and property investment company called for by a richer and older, is a comparative advantage under-recognized in our country.
Despite these positive developments, the housing market since the early ninety, many failures. Housing costs has been steadily increasing housing prices rose by nearly 40% since 2004. This acceleration in prices, the magnitude of which contrast sharply with that of household income, resulting from the combination of insufficient supply - particularly given the slowdown in the construction of social housing between 1996 and 2006 and the recent crises in the sector U.S. banking foreshadow a tightening of access to credit.
In this context, and while real estate prices skyrocketed, the issue of access to middle-class property, located in the heart of this CAE report, there is all the more acute in housing in France is facing not only market failures but government intervention. Given the scale and diversity of needs in the face of demographic and environmental challenges ahead, Jacques Mistral and Valerie Plagnol wonder about the measures to be implemented to improve the adjustment of supply and demand the housing market. They propose to loosen the physical constraints on supply, changing the governance of housing policy, to streamline state aid and to rethink the funding of home ownership so as to expand credit.
Le Monde in an article entitled
A report recommends developing ... Mortgage Credit in France
Report Jacques Mistral and Valerie Plagnol
An inventory of the housing market
The current problems in the housing market in France should do not forget that the housing policy since the end of the Second World War has to accompany the profound changes experienced by the Company and that the average conditions of housing has never been so good. Thus, in fifty years, while population has increased by 40%, the housing stock has doubled, reaching, in 2006, 32 million homes.
At the same time, the number of owners of their primary residence has steadily increased and now reaches nearly 57%. The improvement of the park is also qualitative since the proportion of homes without sanitary comfort increased by nearly 40% in 1954 to 2.6% in 2002 and the average surface principal residences increased to 90 sq.m. in 2002. Finally, unlike its European neighbors, France has chosen to offer diverse coexist where private housing, private rental and public rental. This diversity in the housing market, which can combine the flexible offer that requires a society increasingly mobile and property investment company called for by a richer and older, is a comparative advantage under-recognized in our country.
Despite these positive developments, the housing market since the early ninety, many failures. Housing costs has been steadily increasing housing prices rose by nearly 40% since 2004. This acceleration in prices, the magnitude of which contrast sharply with that of household income, resulting from the combination of insufficient supply - particularly given the slowdown in the construction of social housing between 1996 and 2006 and the recent crises in the sector U.S. banking foreshadow a tightening of access to credit.
In this context, and while real estate prices skyrocketed, the issue of access to middle-class property, located in the heart of this CAE report, there is all the more acute in housing in France is facing not only market failures but government intervention. Given the scale and diversity of needs in the face of demographic and environmental challenges ahead, Jacques Mistral and Valerie Plagnol wonder about the measures to be implemented to improve the adjustment of supply and demand the housing market. They propose to loosen the physical constraints on supply, changing the governance of housing policy, to streamline state aid and to rethink the funding of home ownership so as to expand credit.
Le Monde in an article entitled
A report recommends developing ... Mortgage Credit in France
L he Council of Economic Analysis (CAE) is not cold in his eyes in a financial crisis, he advocated to develop the mortgage in France, in a report on middle-class housing, released Thursday, October 9.
This recommendation will inevitably be debated, because the storm that devastated the financial markets for several weeks is born of the subprime market, these risky mortgages granted unfettered by U.S. banks. "
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