First reduction in property loan rates among some lending establishments in a market which remains sluggish

Thus, for the first time in many months, some of our partners are applying reductions of 10 to 15 basis points on their rate scale. Likewise, we are observing the return of rate discounts, mainly applied to the most attractive profiles.

The banks, after having largely limited the volume of real estate loans granted, seem to want to start again to conquer attractive profiles in order to prepare their figures for the start of 2024.

This downward movement, if not generalized and mainly due to mutual banks, constitutes a positive signal in a still sluggish market. Indeed, borrowers, penalized by the joint decline in their borrowing capacity and real estate prices which have not yet adjusted, are becoming increasingly rare. In addition, they are increasingly faced with competition from buyers who have the capacity to purchase cash, that is to say without having to resort to a real estate loan.

In November, real estate rates are therefore around 4,00% for the best profiles and around 4,50% for most files. Rates of 5,00% have even appeared this month on certain scales, for the least attractive profiles.

While waiting for a real stabilization of rates which should occur at the end of 2023, those carrying out a real estate acquisition project who have clearly defined their budget in advance have real negotiating power allowing them to obtain reductions. prices of up to 10 to 15% on certain goods.

For Pierre Chapon: “This month of November is marked by the desire of some of our banking partners to return to the real estate loan market. The number of borrowers is falling, which is excellent news for solvent buyers: many properties do not find buyers and thus become negotiable. We therefore advise our clients to increase the number of visits and make aggressive offers at the start of negotiations. »

Illustrative image of the article via Depositphotos.com.