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Co-ownership: the French estimate paying 387 euros in charges per month

By

Wesley VIVET

Posted in Estate market On 20 February 2019

The French estimate the annual amount of condominium fees they pay for their housing at 12% of their income, according to an Elabe survey for credit Foncier.

On average, 12% of the income of co-owners, whether they live in the Paris region or in the provinces, would be spent on co-ownership charges over a year. However, the monthly income of co-owners amounts to 3,223 euros, or 38,676 euros per year, according to the National Agency for Information on Housing. The French therefore estimate their co-ownership charges at 4,641.12 euros per year, or around 387 euros per month. In any case, this is the estimate given by people interviewed by the Elabe polling institute for Crédit Foncier, all areas combined.

“It is the owners of housing of 90 m² or more (Ile-de-France and the provinces) who devote the largest share of income to condominium charges” specifies Nicolas Pécourt, of Crédit Foncier.

After Paris (40 euros per m² and per year), it is in Nice that condominium charges are highest (32 euros per m² and per year). Next come Lille (25 euros per m² and per year) and Strasbourg and Marseille (24 euros per m² and per year for each of the two cities).

In detail by item, it is the heating costs that cost co-owners the most (13.3 euros per m² of living space), according to the Observatory of co-ownership costs (the data has been restated by Crédit Foncier). The staff (caretaker, housekeeping …) and maintenance complete the podium (9.7 and 7.9 euros per m² living space).

Renovation work is added to these charges. Almost three-quarters of the co-owners questioned declared paying them in cash (78% in the Paris region and 72% in the provinces), 21% on credit (18% in the Paris region and 22% in the provinces) and the remaining 5%, thanks to aid. , in particular from the State (4% in the Paris region and 6% in the provinces).

Despite these charges deemed too high, 71% of co-owners are generally satisfied with their co-ownership, according to the Elabe survey. They especially appreciate the sharing of costs as well as the mutualisation of the costs of the works. Conversely, 28% denounce the difficulties of finding a consensus between co-owners or even neighborhood nuisances.

Article de Guillaume Errard, Le FIGARO
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