apartment prices which rose by 12.5% on average in one year, taking home 69% of their value in 5 years, market does not seem to calm down ... For now the boom is here and there are no losers in this giant monopoly. And maybe even
the crash as some predict will not happen and that ultimately there will be only winners.
While talking about just winning, and review those to whom the boom has benefited and still benefits without asking us how long sterile yet.
- Realtors
- Banks
- Notaries
- The state and local Internet sites
Realtors
They were 15,000 ten years ago, they are today ' Today 25,000. This means if the profession attracts vocations. Their pay in France varies between 4 and 6% (2% in England only ...). For now, estate agents, attracting only 45% of transactions, a figure that could rise if they decide to lower their price ... But no matter, Riding the wave of the boom, they pocketed an average of 6,000 € per transaction, which is a turnover of 200,000 € for 35 transactions (National average is calculated by the FNAIM). It is relatively well paid for if we are to believe the newspaper Le Monde (Thursday, October 6, 2005) "often the service is not up to par". ERA Network fared rather better than average (320,000 € in turnover by agency for 60 transactions per year)
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Banks
Yes, it is they who provide the fuel for the boom they motivate time access to mortgages. It is therefore fair that draws a fair profit! This year, 135 billion euros (2.5 times more than in 1998) were lent by banks for home loans, which is a record. Banks are also in real estate land for deployment, since according to "The Diary Agency "10% of agencies are already in the hands of banks.
trend that will likely be confirmed as we note that BNP Paribas is its real space, the Credit Foncier Keops bought in 2004, that the CDI, a subsidiary of Caisse des Dépôts has taken control of the House and the Cabinet Credit Mutuel has acquired the network Notices. Jean Lavaupot, the Director of the ERA states that the 43 boxes of the Credit Agricole were instructed "to target real estate agents over 50 years and purchase their stock in trade." It probably would lead to what he calls "a situation al'anglaise" where banks took control of the agencies and, incidentally, have lowered their pay to attract more customers. The UK agencies dealing in fact 90% of transactions (45% in France).
Notaries
This is not new: if for sale, there is a notary and therefore in any case, X% of the selling price of the property into their laps. In case of boom, as we now live, overheating watches the notary, this phenomenon so typically French. Since 1999 the notaries hired 7,300 new employees .. It is true that with a growth rate of 3.5% per year (since 1999), notaries need to arm further because it is not (yet) subject to relocate these jobs.
The state and local
boom benefits the state and therefore to some extent, to us. So thank you boom. Nothing in transfer duty (4.89% charged on a sale ... unless notaries and estate agents), the boom has reported € 5.7 billion in taxes (a good portion of the hole of the safety). The municipalities have allocated 1.72 billion, which constitutes the second fiscal resource departments. Added to this the capital gains tax paid by individuals who sell property held for less than 15 years and who is not their primary residence.
Websites
Of course, sites specializing in property benefiting from the boom. But probably more indirectly. But let's be fair, the net is a new way to find his home, evidence in support: 65% of transactions in Paris and 33% in the region are concluded following an online advertisement. But this is not tomorrow the day that the sites take a percentage of the sale of property. Too bad there ...
There are a variety of sites: those coupled with newspapers, those who have more shops and finally, the "pure players"-as-abonim.com, who consider that the Internet is a medium well enough, more efficient and less expensive.
We believe that the Internet can provide excellent service to both individuals and agencies in terms of advice, choice and diversity of offerings and the issue is not basically "what the market can do for us? But "what can we do to the market? .
source: abonim.com
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