Real Estate: Towards Lower Interest Rates?
Real Estate: Towards Lower Interest Rates? – (France 2)
Loan rates could fall after the peak, meaning borrowing would be less complicated and cheaper.
Lucile Gautier makes her first real estate purchase. She got two pieces on 40m2. The price is 460,000 euros, with an interest rate of 4.3% for 25 years. “This is a very high rate compared to what it was two years ago. Compared to when my father used to buy it, it’s a bit small. I really fell in love, I was looking for a year.”specifies the new owner.
1% in twenty years in 2021
Interest rates have risen sharply over the past two years. In October 2021 they were less than 1% over 20 years compared to 4.35% today. According to professionals, they are stabilizing, which is good news for real estate agents. “This will secure our sales and above all allow the market to settle. Prices will be able to come down.”, explains Aikel Belhadj, real estate expert at Homeloop. Some experts even believe that rates will fall quickly.