Housing spending weighs more and more on households
(Boursier.com) - In 2010, the average household expenditure on housing amounted to 9.800 euros per year, or 300 euros more than in 2009, highlight the national housing accounts published this Thursday by the Ministry of Ecology. In addition, current French spending on this item jumped 4,2% in 2010 to almost € 298 billion, after rising 1,8% in 2009 and against inflation of only 1,5%. .
And yet, rental prices, which represent three-quarters of current expenditure, are not the cause of this increase since they are slowing down for the fifth consecutive year (+ 2,7% after + 3,1% in 2009). "Never, since the origin of the housing account, their rate of progress had been so little sustained", even specifies the Ministry of Ecology.
In detail, the price of rents in the free sector decelerates, recording a growth of 1,3% after 1,7% in 2009. That of rents in the social sector also, increasing by only 2% in 2010 after + 3%, l 'last year.
More than rent therefore, it is energy-related expenses that weigh in the budget devoted to housing. "They are accelerating very powerfully, after their marked decline in 2009, in connection with the evolution of oil prices", explains the ministry. Supported by the sudden rise in the price of a barrel of Brent (+ 28%), the price of domestic fuel oil jumped 23% after falling by 31% in 2009. Gas followed the same trend but less markedly (+ 6,5% after -2,9%). In addition, "energy consumption dedicated to space heating is accelerating due to much harsher weather than the previous year (+ 12,1% after + 0,4%)". In his last report, the energy mediator also insisted on the worrying rise of the phenomenon of "energy poverty", spending on heating and lighting weighing more and more on the purchasing power of consumers. households ...
Source: http://www.boursier.com/actualites/econ ... -6700.html
Recall that housing costs are NOT taken into account in the calculation of price inflation by INSEE.
Otherwise I like the definition of "slowdown" in the mouth of a "fellow" ... I would like my salary to slow down by + 2.7% per month ...
It's the price increase that slows down, not the prices ...