Olympic truce for real estate loans before a return to school full of opportunities?

As expected, rates are stabilizing in this summer of 2024 filled with uncertainties:

• France's budgetary trajectory remains uncertain following the legislative elections, even if the prospects of a sharply disrupted economic program seem to be ruled out. This has helped to relieve pressure on sovereign rates since the second round results.
• After a first reduction in key rates decided on June 6, the ECB remains unclear as to the timetable for continuing the reduction, with the next easing possibly taking place as early as September 12.
• Usually wait-and-see during the summer months, banks are even more so this year. In an uncertain political and economic context, and a momentum quite strongly oriented towards the Olympic Games, they are meeting borrowers at the start of the school year.

Rates therefore show almost perfect stability in August, but they should in all likelihood resume their decline in September. Summer can therefore represent an excellent opportunity to finalize the preparation of your file for the start of the school year.

Evolution of borrowing capacity for a salary of €4.000 gross monthly (€48.000/year)

For Pierre Chapon, president of Pretto: “With rates likely to resume their decline, the fall could constitute a real period of recovery for the real estate market after two years of slowdown. Prices of goods are now stabilizing almost everywhere and could quickly resume their rise, good deals will be found in the coming months. »

Illustrative image for the article via Depositphotos.com.