what are the new criteria for young people?


The health crisis has enabled the French to rethink their way of life in a sustainable way, particularly in terms of housing. A study carried out by the YouGov institute with 1,015 people shows that young people have very specific ideas about the living environment to which they aspire. Confinement has particularly changed the desires of 18-34 year olds. In what areas?

Being able to move easily

Confinement has allowed teleworking to become widely democratized in tertiary trades, a sector where 18-34 year olds are over-represented. Many professions linked to the digital world, marketing or even communication do not require premises to work: the phenomenon of “digital nomads” has become very widespread in recent years. According to the study published by YouGov, 70% of 18-34 year olds are in favor of a inter-city mobility as long as they can keep their jobs when they move. 75% of them live in urban areas. But they say they are held back by the complexity of the procedures to find accommodation.

An atmosphere conducive to teleworking

The 18-34 year-olds want to live in accommodation where they can do everything, starting with work. According to the study released by YouGov, 55% of them say they have already considered settling in a residence that offers a coworking space in order to be able to separate private and professional life, while not having to spend too much time to get to your office. Multi-service residences – the new trend in large urban areas – interest a good number of 18-34 year olds: 42% of them are attracted to the idea of ​​living in a complex that offers room service, a bathroom, gym, laundry, catering establishment or even a daycare service for young parents. This type of housing requires a larger budget than it is possible to obtain with a mortgage. The bank then proceeds to study the borrower’s file to determine the feasibility of the project. First she checks her debt ratio to find out if his income allows him to absorb a loan. Then she will proceed to calculating your borrowing capacity to know how much she can advance him. If the borrower is a first-time buyer, the bank checks his eligibility for assisted loans such as the PTZ, the PAS loan, etc.

Live in harmony with your neighbors

For a majority of young people interviewed as part of the study conducted by YouGov (58%), sharing common values ​​with their neighbors is a priority. This criterion is particularly valued among young workers sincethey are 63% to estimate that this sharing of values ​​is important for daily balance. This aspect stems from the desire of 18-34 year olds to be able to move when they want: they want to be quickly at ease with their environment when they move into a new home.

The current context makes it difficult for young people to gain access: lending institutions have tightened their conditions of access to real estate credit since the recommendations of the High Financial Stability Council (HCSF) at the end of 2019. Consequence: banks are giving more importance to solid profiles. They particularly appreciate the files with contribution, and rule out those with a credit term exceeding 25 years and those with a debt ratio greater than 33%. To increase your chances of being funded, you can call a mortgage professional. Aware of the criteria of each bank, the broker optimizes the loan file to appeal to the bank most able to offer the best rate and the best borrowing conditions. It compares the loan offers to find the best one and helps in understanding it. He then accompanies the borrower until the signature at the notary.

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