Master Thesis Online
Comparaison de l'évolution d'un patrimoine en cas de location ou d'achat d'un bien immobilier en Wallonie.
Danis, Thomas 
Promotor(s) :
Pietquin, John
Date of defense : 28-Aug-2019 • Permalink : http://hdl.handle.net/2268.2/8200
TFE_ThomasDANIS_s162748_2018-2019.pdfDetails
| Title : | Comparaison de l'évolution d'un patrimoine en cas de location ou d'achat d'un bien immobilier en Wallonie. |
| Translated title : | [en] Comparison of the evolution of a patrimony in the event of the rental or purchase of a real estate property in Wallonia |
| Author : | Danis, Thomas
|
| Date of defense : | 28-Aug-2019 |
| Advisor(s) : | Pietquin, John
|
| Committee's member(s) : | Artige, Lionel
|
| Language : | French |
| Number of pages : | 83 |
| Discipline(s) : | Business & economic sciences > Special economic topics (health, labor, transportation...) |
| Institution(s) : | Université de Liège, Liège, Belgique |
| Degree: | Master en sciences de gestion (Horaire décalé) |
| Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] The purpose of this paper is to compare the evolution of a patrimony in the event of the rental or purchase of a real estate property in Wallonia on the assumption that the difference in cash flows between the two scenarios will be invested in financial investments.
The cash flows relating to the two situations will be explained in the first part. Among these flows, we can find, among others, rents, mortgage loan repayment, registration fees / VAT, tax deductions, ...
The evolution of property prices will then be approached, first with a look back at the last few decades in order to understand the various factors that influence property prices. Then with a look to the future to try to predict the future evolution of the real estate market.
Various financial products will be covered, such as real estate investment funds or Exchange Traded Funds, which aim to replicate stock market indices. The potential returns and risks associated with these funds will then be discussed.
Finally, a practical case study will be carried out on the basis of the theoretical data previously collected. The purpose of this case study is to simulate the evolution of assets for a household that is wondering whether to buy or rent a home. Different situations will be evaluated :
- rental versus cash purchase;
- rental versus purchase with an 80% loan-to-value ratio;
- rental versus purchase with a 100% loan-to-value ratio.
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