Real estate credit: a start to the year marked by the return of banks to the market with slightly falling rates

Pretto, a specialist in 100% digital real estate loan brokerage, is observing this month the rates charged by its banking partners.

At the end of December, the Banque de France noted the return to quarterly updating of the usury rate, which stands at 6.29% for real estate loans with a duration greater than or equal to 20 years. The margin on credit rates is now substantial and usury no longer constitutes a major obstacle to the granting of real estate credit.

In this context, borrowing rates stabilized at the end of the year and began an average decline of around 0.10 points in this first month of the year. This is the first time since the start of 2022 that rates have fallen. On average over 25 years, it is possible to borrow at a rate of 4.00% to 4.50% depending on your income. However, these averages mask strong disparities between establishments, with a few rare regional players remaining outside the market with rates of more than 5%, while it is possible to obtain less than 4% elsewhere.

For Pierre Chapon, president of Pretto: “The year 2024 offers good prospects for market recovery, with the first rate cuts already in place. The banks have regained room for maneuver and are all posting ambitious objectives for the first half of the year. There are many opportunities to seize for purchase, with good potential for negotiating property prices and the possibility of obtaining rates below 4% for the best cases. »

Illustrative image of the article via Depositphotos.com