How the roof collapsed on French home ownership dream

By

When he was elected in 2007, French president Nicolas Sarkozy presented an ambitious programme to increase home ownership in France, raising the number of French households that are owner occupiers from 57% to 70%.  But five years on, despite introducing tax breaks and interest-free loan schemes, the figure has inched to just 58%, a similar increase to the previous five-year presidential term. Ellen Salvi reports on what went wrong.

Reading articles is for subscribers only. Subscribe now.

When he was elected in 2007, French president Nicolas Sarkozy presented an ambitious programme to increase home ownership in France, raising the number of French households that are owner occupiers from 57% to 70%.  But five years on, despite introducing tax breaks and interest-free loan schemes, the figure has inched to just 58%, a similar increase to the previous five-year presidential term.