The average rate of real estate loans, excluding fees and insurance, fell in February for the first time in two years, to 4,11%, according to data published Monday April 8 by the Banque de France
For the first time since the start of 2022, the average interest rate, excluding fees and insurance, on new home loans (excluding renegotiations) is down 6 basis points (4,11% after 4,17%) .
The amount of new housing loans, excluding renegotiations, fell slightly in February, to 7,3 billion euros excluding renegotiations, compared to 7,6 billion euros during the previous month. The amount has been divided by three since the peak in spring 2022, to more than 22 billion euros.
The Minister of Ecological Transition Christophe Béchu wants to revive a real estate market in free fall: sales have in fact fallen by 22% in 2023, according to the National Real Estate Federation (Fnaim).
This goal is shared by the Banque de France but they differ on the means to achieve it.
Mr. Béchu wishes to relaunch loans repayable at maturity, which dissociate the payment of interest and the repayment of capital and are rarely marketed today by banking establishments in France.
The Banque de France is rather counting on the stabilization or even the fall of prices.
Illustrative image of the article via Depositphotos.com.
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