Household income and wealth 2018 edition

With Household income and wealth INSEE presents the main indicators and analyses on monetary inequalities, poverty and household wealth. More information is available only in French on the French pages of the website.

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Paru le :Paru le05/06/2018
Pierre Madec and Xavier Timbeau
Les revenus et le patrimoine des ménages- June 2018

Buying a primary residence: 2004-2015, a period shaped by the crisis

Pierre Madec and Xavier Timbeau

The Wealth Surveys from 2004 to 2015 were used to analyse the determinants behind purchasing a primary residence, both for first-time buyers and others. In 2015, 8% of households responding were recent buyers, i.e. having purchased their primary residence in the five years preceding the survey. Recent buyers are relatively young, are couples with children, and have a standard of living above the median. Due to the 2008 crisis, despite measures to support the purchase of housing, the likelihood of purchasing a primary residence in couples with or without children decreased between 2004 and 2015. However, inheritances and, above all, donations made a positive contribution to the likelihood of purchasing of a primary residence.

Between 2010 and 2015, all other things being equal, the likelihood of purchasing a home experienced a slight upturn in the poorest households, in contrast to households in which at least one person was unemployed.

The decline in the number of people who had recently purchased a home between 2004 and 2010 was due in large part to changes in behaviour or a reduction in household purchasing capacity. Between 2010 and 2015, changes in the structure of the population, particularly ageing, were the main reasons behind this reduction.

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Paru le :05/06/2018