Data in single apartment purchase circumstances vol.3 single layer less than $ 30 million ratio spread

In last month’s newsletter, we introduced “metropolitan new construction condominium contractor survey” (announced in recruit co., Ltd.) from own funds and contract condo price little figures. Part 1 and part 2 in guide post, try exploring single apartment purchase situation already buyer trends presented the findings. It is ultimately decide yourself what trends of buyers already very becomes reference. Part 1 covers mainly funding plan.

(Shares) recruit Metropolitan new construction condominium contractor Trends Survey 2004
January-December 2004 Metropolitan new construction condominium apartment purchase contractor went, questionnaire. Respondents rather than just the single households, are rich in family and DINKS, SR. and variety. Here, in this article, quoting the answer data about the funding plan for single-layer from the survey results of mainly.

Any layer’s have bought?

The thirties are most frequently and 34.1% in the entire survey respondent profile. Followed followed by forties by 17.9% and 23.7%, late 30s, 30s occupies approximately 50% and the average age is 36 years old. I said and exactly what baby boomers junior tier came into purchase marriageable age. You will be included in the purchase age?

Well there is the percentage of single-layer for the whole of the respondents, 7.2%, single 7.7%, women single men is 14.9% of the total. Where I think every year is likely to increase, easy to buy, such as low interest rates and tax incentives, 2001, surveys situation, want to buy affordable apartment even if that has been marketed also, pushing the share of single-tier buyers.

Ratio spread for a purchase price of less than $ 30 million of single-layer

According to the survey, the average purchase price of single men was n/a yen. Woman is n/a JPY. In the entire contractor is n/a yen. Compared to last year’s survey average price is decreasing, but especially percentage less than $ 30 million of is higher 10-point also findings last year than in the single women.

Dip. Affordable apartment increased or or purchase budgets dropped?. Let the own funds.

No longer self funding and growth trends

Wanted to purchase prices tend to fall, so has dropped Similarly also the own funds or when, and here is the result ratio slightly, “last year. Single women became n/a Yen in the entire study n/a ¥ 9 million yen, single men. Prepare 10 million yen funds and purchased the average image float, with regard more precisely, I wonder a little percentage was purchased with funds less than $ 4 million and less than 3% of women 4% in men, to think just average. There are a lot of own funds, not ought to be. Is borrowing less it only, less monthly payment, avoid. If anything though, it using all the money at hand the purchase cost is thinking things. Now “Let’s keep the emergency reserve fund if you prepare it.

Let’s try the lone house plan in the next page. Monthly seniors apartment purchase any mortgage repayments?

Gift amount from the parent’s support of own funds!

Is a decreasing percentage of the tier condo purchase, the gift in the whole survey ( last 34.5% = > this time 30.6% ) . Single men in 30.3% = > single women is 27.5% and 3-point also decreases, the 35.3% has enjoyed a high rate of 35.4% and continued. Average gift amount is ¥ n/a in the entire survey. Housing financing assistance leave many parents ‘ generation from, courtesy of the tax system there is one reason.

Out of tax exemption on housing acquisition Fund gift, special gifting n/a Yen amount from the parents or grandparents to be tax free ends applied at the end of 0/2005. Inheritance: settlement taxation system was established in the 0/2003 ( 25 million and ¥ deduction until tax-free gifts:. All received a gift when the succession occurs property is added to the heritage, against inheritance tax ) will continue in 0/2006, so assistance from their parents is possible, the system also to consider it.

Monthly repayment mortgage is n/a Yen amount, repayment period approximately 31 years

Percentage less than $ 30 million of increased funds over the 10 million yen average purchase price even though the difference is to raise and take advantage of the mortgage. Try now, lone plan for seniors, and the average mortgage debt amount single n/a circle, in single men women n/a yen. Repayment period is 30.4, single women 31.3 years, single men. Average repayments of single male in monthly n/a yen, but is in single women n/a yen, distinctive repayment method, conditions bonus: addition of 37.4% single men and single women of 18.1%, less than 20%. Many women of the steady and solid, you can also view with a strong concerns over the bonuses. Bonus: addition of is where you want to use well the range there is no impossibility.

Do you how it did? Senior apartment purchase of data helped the image-making your purchase plan? “Condo but want other people whether loans” will care about wonder’s stand is what financial planning “. “Only this quite lucky to even close friends” and often hear what you said.

Next time the sequel we introduce the ” condo purchase sticking points senior buyer ” for a “single apartment purchase circumstances vol.4 data in”. To enjoy.

[Series back issues]
Last time ( 2003 contractor ) findings, please see here.
Single apartment purchase circumstances vol.1 in data
Single apartment purchase circumstances vol.2 data in