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Faced with rising interest rates, should you rent or buy your home?



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Faced with rising interest rates, should you rent or buy your home? la Guerivière, MC.Delouvrié, J.Duboz, O.Combe – France 2

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Today, it takes an average of 14 years to make a purchase profitable, compared to barely 6 years in 2021, according to a study by In one year, the rates have increased significantly. So is it better to rent your home or buy it?

With soaring interest rates, is it more profitable to rent or buy your home? The calculation is less and less obvious for more and more French people. To Toulouse (Upper Garonne)George Bilalian has been renting a three-room apartment for 1,300 euros for three years. At 40, he decided to buy a house of 84 m2, three bedrooms and a garden for 335,000 euros. With an already high interest rate of 2% over 25 years. In his region, according to a study, an owner takes 24 years to repay his purchase. This is five times more than a year ago.

This duration is increasing everywhere in France. She is only two years old in Perpignan (Eastern Pyrenees)20 years in Montpellier (Herault) and 28 years in Paris. Interest rates have doubled in one year and selling prices increase. “When you take out a 20-year loan and retirement arrives, the property is generally paid for. You no longer have to pay anything to pay for your accommodation every month. Which will not be the case with a rental, because a rental, you will pay for it all your life”explains Maël Bernier, spokesperson for Better rates.

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