Hi there,
Just wanted to post this here, to show how insane real estate prices are in France right now, because I'm seriously starting to wonder why we work so hard:
I live in a small (although really pretty) city in the South of France called “Villeneuve Les Avignon”, near Avignon, and the housing cost has exploded the last 3 years, it's insane.
Those are 160-250 sqm houses more or less. They're nice, but nothing extraordinary…
Here are some of them:
https://properties.lefigaro.com/announces/house-gard-languedoc+roussillon-france/50036974/
https://properties.lefigaro.com/announces/mas-gard-languedoc+roussillon-france/43730716/
https://properties.lefigaro.com/announces/mas-gard-languedoc+roussillon-france/45553496/
https://properties.lefigaro.com/announces/house-gard-languedoc+roussillon-france/45904200/
https://properties.lefigaro.com/announces/house-gard-languedoc+roussillon-france/48020700/
Now here's the twist: although our interest rates are quite ok (2%, and it was 1% a year ago), our salaries are quite low. Most people earn between 2000-300 euros a month (25% earn less than that) and the top 1% threshold in terms of income is more than 12 000 euros a month…
In other words, just to be able to afford the mortgage on ALL of these houses, you NEED to be around the top 1% of French citizens…AND this is not even a super expensive city like Paris, Lyon, or Bordeaux.
I see a similar trend everywhere in France, except the “non desired” villages / cities.
We're really fucked, I'm telling you.