In a context of increased competition between banking establishments, Pretto, a specialist in 100% digital real estate brokerage, notes that the downward trend in real estate loan rates that began at the start of the year continues. Indeed, according to our monthly barometer, the month of March 2024 shows average decreases of 0.10 points, and even up to 0,15 points for certain categories of borrowers.
Over 25 years, the best profiles can now obtain rates of 3,81% or even less for the files most sought after by banks. These have massively loosened the brakes on credit and there is no longer a systematic blockage to granting it, provided you have an attractive application and a budget consistent with your repayment capacity. The financing market even offers good opportunities for those who know how to identify them, with credit lines at subsidized rates and rate discounts making it possible to reduce the overall cost of credit. On the other hand, some establishments still offer very high rates amounting to more than 4.00% or even 4.50% over 25 years.
The month of March, in line with the two previous ones, therefore confirms the good prospects of recovery for the real estate loan market in 2024.
Evolution of borrowing capacity for a salary of €4.000 gross monthly (€48.000/year)
For Pierre Chapon, president of Pretto: “The real estate loan market has clearly relaxed at the start of the year and it is now possible to find financing at rates that make certain real estate projects feasible again. »
Illustrative image of the article via Depositphotos.com.
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