Marianne B and her partner had owned their Paris flat for seven years when they decided to buy a bigger one after their second child was born. They discovered the perfect apartment for a price that fell within their budget.
But then they spoke to lenders — and decided to plunge back into the rental market instead. Their reason: the cost of credit.
“Borrowing €800,000 would cost us €500,000 [in interest] compared with €50,000 for €500,000 in 2019,” said Marianne, who asked that her full name not be used. “It just doesn’t make sense. We’re going to have to turn to a rental again.”
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