One-third of solo borrowers in 2017 are women. For International Women’s Rights Day, Empruntis published a study this Thursday on the report of women on real estate purchases. 89% of them invested in a principal residence.
In 2017, almost one in three (32.6%) individual borrowers was a single woman. For the International Women’s Rights Day, Empruntis published this Thursday a study on women’s relationship to real estate purchase. They are starting more and more in the adventure (30% in 2016), despite lower incomes than men.
39% of the borrowers are in their thirties
In the European Union, a woman earns on average 16% less than a man according to Eurostat. This inequality does not scare the banks, ” with equivalent incomes, a single man will not be favored by a bank at the expense of a single woman, ” says Cécile Roquelaure d’Empruntis in the columns of Figaro. Wage inequality, however, weighs on women’s ability to borrow.
Despite the obstacles, 68% of women borrowed solo last year. In detail, 89% of women invested in a principal residence. 9% of them took advantage of a rental investment, but only 2% invested in a second home. The age group of the 30-39 age group remains the majority (39%), followed closely by the 40-49 age group (25%). Most solo borrowers are nulliparous singles.
Mostly single, without dependent children
For example, under 30s are 99% single and 90% nulliparous. The forty-year-olds are an exception, as 58% have at least one dependent child. ” I’m going to leave something to my children, ” says a 42-year-old owner in Metz (Moselle). This age group invests with an average monthly income of 3,675 euros. This is the second highest average monthly income per age group, behind 50 years and over with 4,355 euros.
In general, borrowers alone have the status of non-executive employees. They are 54% among those under 30, 44% among the 30-39 age group and 39% among 40-49 year olds. As for the nature of the goods purchased, first-time buyers prefer old real estate. In all age groups, about 7 out of 10 women with children prefer to buy a house from an apartment. Before age 40, women without children prefer to buy an apartment.