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31 december 2009

14 million French households had a loan outstanding as at end-2008


While this number edged down slightly (-4.1%), on the back of more muted customer demand, 52.6% of French households had a loan outstanding in 2008, one of the highest levels recorded since 1989.

 

14 million French households had a loan outstanding as at end-2008, an increase of 200,000 on 2007.


31.3% of households had a home loan as at end-2008, and more than onethird (33.8%) had a consumer loan.


Young people are increasingly buying their own homes: nearly 19.2% of people aged under 30 have taken out a loan to buy their home, up from 13.2% in 2001.



Source : Household Credit observatory, March 2009

 
 
 
 
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