The buildings of the French melted 200 billion in 2009

If against all expectations, the heritage of French will not finally fell in 2009, despite the real estate will be: what is the basis of estimates and projections for the years 2009 and 2010 that the agency has forecast economic BIPE presented to members dee Market Observatory of the Savings and Credit (OMEC) December 3. At some 10,200 billion euros at year-end 2009, total assets is slightly above its level of earlier this year, which was cons down by almost 3% in 2008.

Declining house prices showed in 2009 an unrealized loss well above 200 billion euros, but it was nevertheless restrained by the slowing of the decline in the second half of the year. These losses should therefore be more than offset the one hand, the gains appeared on the financial wealth due to the rebound in stock markets that emerged in the second quarter of the year (about 90 billion), on the other hand, new investment in housing (a little over 70 billion) and new financial investments (nearly 120 billion).

In front of the maintenance of their assets in 2009 (final 0.6%), the liability of the French continued to grow but at a rate below 3%, so growth is very slow compared to growth in two figures recorded during the period 2004-2007. The report of the passive income households continues to grow slightly and approaching 75%, but remains well below levels seen just before the exit of crisis in countries like the United States, the United Kingdom, Spain and Denmark, countries in which this report still reached values between 110 and 140%, indicates the BIPE.

It also states that in 2010 the re-growth of this heritage would be very modest because of the continued decline in house prices and stock performance despite very honorable.

It expects losses in real estate still relatively high, around 3% over the year. The growth of household liabilities would know, meanwhile, some momentum compared to 2009 and the report of passive income would cross the bar significantly when the 75% level after all still quite moderate.