to start investing in Avignon, you have to earn …
You don’t have to already own your main residence or be rich like Jeff Bezos to make a rental investment. Building up real estate can happen much earlier in life than you might think, according to Beanstock, a real estate start-up.
Staying a tenant while investing
For many French people, becoming a homeowner is a lifelong goal. But with the real estate prices soaring lately, this dream is becoming more and more complicated to achieve.
To achieve this all the same, some now wish to remain tenants of their main residence in order to make a rental investment at the same time. By adopting this investment strategy, the bank can be more accommodating by taking into account the fact that rental income will cover part of the monthly loan payment.
“Faced with the increase in real estate prices in certain large metropolises, those who cannot afford to buy a main residence in the city where they wish to thus wish to make rental investments in cities where prices are more accessible, with the necessary contributions to obtain a smaller loan, ”observes Alexandre Fitussi, co-founder of Beanstock.
Differences in wages depending on the city
Be that as it may, for the financier of this investment, the bank will always pay close attention to the resources of the loan applicant. So how much do you have to earn to carry out such an operation? In its study, Beanstock details city by city the salary necessary to invest in a small area (a studio or one-bedroom apartment), with a view to renting it.
To determine this minimum wage, the platform crossed the average and the average profitability of each city at the maximum authorized debt ratio, based on financing over 20 years at the rate of 1.20% with a rate of 15%.
Barely over € 2,000 net in Lyon
As a result, the minimum wage to start investing in stone varies from single to double depending on the city. If you have to earn at least € 3,784 gross monthly in Paris, you can however make a rental investment by collecting € 2,039 in Perpignan.
Among the five cities where it is necessary to earn the most, after Paris, we find Bordeaux, where the investor will have to receive income up to € 2,762 gross per month, Lyon (€ 2,727), Nantes (€ 2,563) and Strasbourg (€ 2,530). In Lyon, this represents around € 2,050 net…
Among the large cities studied by Beanstock, Avignon is one of the most interesting for the smallest budgets. The study reveals that we can hope to contract a mortgage with € 2,244 gross monthly, or approximately € 1,700 net per month.