Skip to content
Real estate credit: a sharp rise in rates



Article written by

Real estate credit: a sharp rise in rates

G.-A. Dolz, M. Boissin, H. Chochois, L. Pekez – France 2

France Televisions

Since January 2022, many consumers wanting to buy a home have had to give up, because the interest rate for mortgages has increased in France. How does this increase translate?

A couple who own a home in the Paris suburbs want to move to have something bigger and another who wants to become one wants to take out a loan to help them with their project. In January, the relatively low rates allowed them to hope to realize their dreams. For the owner couple, the rate was at 1.12% at the time. For those who want to become owners, the bank could lend 258,000 euros, the price of the house they want.

Today, the rate is no longer 1.12%, but 1.7%, which will cost them an additional 27,000 euros. For the couple who want to become owners, the bank can only lend 245,000 euros, so they cannot buy.

– Better rates
– Loans

Non-exhaustive list.

Fr2En Gb8

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.