After a slight rebound in the beginning of the year, the interest rate granted for property loans have witnessed a decline in the majority of banking institutions may 2017. All regions, however, are not concerned. Details.
At the end of 2016, the interest rate granted to the real estate lending had historically low interest rates. The experts agreed then to say that in 2017, they would slightly go up. Their forecasts were right, because since the beginning of the year, the rates have gone up slightly, by an average of 0.18%. However, some professionals believe that the election of Emmanuel Macron will allow the rate to remain at a still low level (read our article).
- Real estate : the rate of credits resuming an upward trend
In a press release, published on 15 may, I love my broker has already announced that the interest rates are down for mortgages in may 2017. In most banking institutions, they fell 0.10%, indicates the grouping of brokers created in November 2016. But all regions are not affected by this decline, he says. This is the case for the PACA region, Brittany, pays-de-Loire and Limousin. The drop rate for all cases in the Île-de-France, Normandy, and Burgundy and Franche-Comté. In Bordeaux, Lyon and Montpellier, only loans for a period of 20 years and older have experienced this decline. The grouping of dealers has been observed also in some banks “, but very marginal, a discount of 0.20%“.
Brokerage activity up 30% in Ile-de-France
- In April, rates on mortgages continue to rise
- Rates on mortgages continue to climb
If the number of redemption of credit has “significantly decreased“, the activity of brokerage in real estate credit is doing well. It is the same “, an increase compared to last year, as in the Ile-de-France, for example, where we record +30%“, stresses I love my broker, and this in spite of a “wait-and-see on the part of the French, who started two weeks before the first round” of the presidential election. The group considers, finally, that “the claims should again flow in a context as favourable“.