Essentials of the Week: Mortgage, Retirement, Purchasing Power, Student Loans

Essentials of the Week: Mortgage, Retirement, Purchasing Power, Student Loans

(Image credits: Adobe Stock -)

(Image credits: Adobe Stock -)

Mortgage began to normalize. The average pension is 755 euros per month. The level of family savings is still much higher than it was before the Covid-19 pandemic. The 4% revaluation of pensions, retroactive to July 1, 2022, will be received by pensioners at the beginning of September 2022. It is no longer possible to increase rents for housing qualified as “heat sieves” from August 24, 2022. The state guarantees student loans five times more than The start of the academic year 2022. The Banque de France opens its doors to the European Heritage Days.

index:

  • Real estate: credit begins to normalize
  • The average pension is 755 euros per month
  • Family savings are still at a high level
  • Purchasing power: pension reassessment postponed to September
  • Thermal Refineries: Banning rents from August 24, 2022
  • Students: Five times more state-guaranteed loans in 2022
  • The Banque de France opens its doors for European Heritage Days

Real estate: credit begins to normalize

output from Mortgage loans are starting to return to normal even if they remain above monthly averages for recent years, according to the latest data from the Bank of France. In June 2022, the annual growth rate of mortgages receivable remained at a high level (+6.6%), but the production of new loans fell to 22.7 billion euros, compared to 26.8 billion euros in May 2022. The estimate presented in July 2022 predicts a slight decrease in monthly production at 21.6 billion euros. Period The number of first-time borrowers taking home loans was 48% at the end of May 2022, as determined by the Banque de France.

The average pension is 755 euros per month

average quantity The pension paid by the National Old Age Insurance Fund (CNAV) is 755 euros per month, according to the 2021 balance sheet prepared by the pension insurance. This amount is 858 euros for men, while it comes to 674 euros for women, excluding any additional schemes. Pensioners who have a full-fledged occupation under the public system receive an average pension of 1096 euros per month. During 2021, the retirement insurance pays a pension (personal or return) to more than 14.8 million retirees and awarded more than 863,000 new pensions. The average retirement age was 62.9 years.

Family savings are still at a high level

streams Household financial investments amounted to 162.5 billion euros over one year in the first quarter of 2022, according to figures published by the Bank of France. This level is slightly lower compared to the fourth quarter of 2021 (165.8 billion euros), but still much higher than that before the Covid-19 pandemic (108.8 billion euros in 2019). As for the total financial wealth of families, it decreased by 2.6% in the first quarter of 2022 compared to the fourth quarter of 2021, to 5.870 billion euros, as a result of the loss in the value of owned assets, especially under the influence of the decline Stock prices during this period (-9.3% for the CAC 40 index).

Purchasing power: pension reassessment postponed to September

Pursuant to the purchasing power law finally approved on August 3, 2022, Pensions and social benefits are revalued at 4% retroactively to July 1, 2022. For retirees, the reassessment was due to be received in August, but will finally take place on September 9, 2022. Do not allow the Pension Insurance to publish this reassessment on the July pension payment paid in August,” explained the National Old Age Insurance (CNAV). The 4% increase relates to the pension under its own right, the inheritors’ pension, and Elderly Solidarity Allowance (Aspa) and Additional Disability Allowance (ASI).

Thermal Refineries: Banning rents from August 24, 2022

Housing rentals are described as “thermal sieves”, of which Energy performance rating (DPE) rated F or G, and can no longer be increased as of August 24, 2022. This blockage relates to both new leases and existing contracts, notes service-public.fr. It is forbidden to apply indexing according to Rents index and any increase after renovation works, unless such works change the classification of the General Administration of Environment. For the sale of F or G-rated housing, the mandatory completion of an energy audit, due to come into effect on September 1, 2022, has been postponed to April 1, 2023.

Students: Five times more state-guaranteed loans in 2022

device The student loan with state guarantee, up to a maximum of 20,000 euros, is intended for students between the ages of 18 and 28 registered at a higher education institution in France, or of French nationality or nationals of another country in the ‘EEA’. At the start of the 2022 academic year, the number of these loans is multiplied by five as part of the France Relance plan. this is Credit that can be accessed without personal guarantee or means test by the end of August 2022 must be requested from one of the partner banks, states the Ministry of Economy, Finance, Industrial and Digital Sovereignty.

The Banque de France opens its doors for European Heritage Days

The Banque de France will welcome visitors to its headquarters in Paris on 17-18 September 2022 during European Heritage Days. The visit will take place in two phases: a first course that allows you to discover the three tasks of the bank (monetary strategy, financial strategy, serving the economy and society) through current topics ( Inflation, climate change, digital currency, etc., and a second course related to the discovery of the history and heritage of the Banque de France. There will also be entertainment about gold. Admission is free, but pre-registration on the institution’s website is recommended.

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