2023-09-21 06:13:53
Real estate rates in the regions: the offer is expanding, and that is good news
Updated September 21, 2023
par Solange Rigon – Editorial manager
The rise in real estate rates tends to stall in mid-September. In fact, out of 130 scales transmitted by our banking partners, 66 remain stable. The good news is the reopening of certain banking partners which makes it possible to increase the offer this fall.
Borrowing rates noted on 09/21/2023
A slowdown in the rise in rates
We already said it at the start of the month, the offer is expanding and this is excellent news for borrowers: on the one hand, this expansion of the offer allows them to more easily find an establishment willing to finance their project , on the other hand, it also allows to hope to stay below 5% for the majority of offers.
If we look at the regions more closely, they are the Western regions which offer the most attractive real estate rates over 20 yearscompared to the East, when the PACA region offers values identical to those found in Hauts-de-France.
Overall, it is the 25-year rates that are “heating up” the most. You thus borrow over 20 years at a real estate rate varying from 4% to 4.35% depending on the region, and 3.50% throughout France.
Real estate rates: and in your region?
Here is a summary of average real estate rates in the regions, and their evolution in basis points (bps) compared to the month of August. The increases are between 5 and 25 basis points over the 20-year loan term, and range from 5 to 35 basis points for 25-year loans.
Average real estate rates for September 2023 in the regions
Region
Average rate over 20 years
and evolution in pdb
Average rate over 25 years
and evolution in pdb
Auvergne-Rhône-Alpes
4,20 % (+ 20 pdb)
4,30 % (+ 15 pdb)
Burgundy-Franche-Comté
4,20 % (+ 15 pdb)
4,30 % (+ 15 pdb)
Brittany
4 % (+ 5 pdb)
4,15 % (+ 5 pdb)
Center-Val de Loire
4,25 % (+ 20 pdb)
4,40 % (+ 30 pdb)
Corse
4,20 % (+ 20 pdb)
4,30 % (+ 20 pdb)
Great East
4,25 % (+ 10 pdb)
4,40 % (+ 25 pdb)
Hauts-de-France
4,35 % (+ 25 pdb)
4,45 % (+ 20 pdb)
Ile-de-France
4,30 % (+ 25 pdb)
4,45 % (+ 35 pdb)
Normandie
4,10 % (+ 15 pdb)
4,20 % (+ 10 pdb)
New Aquitaine
4,05 % (+ 5 pdb)
4,15 % (+ 5 pdb)
Occitanie
4,15 % (+ 10 pdb)
4,30 % (+ 10 pdb)
Pays de la Loire
4 % (+ 5 pdb)
4,15 % (+ 5 pdb)
Provence-Alpes-Côte d’Azur
4,30 % (+ 15 pdb)
4,35 % (+ 10 pdb)
Where can you get the best rates?
The rates granted to premium files have generally changed very little since last month. On 20 and 25 year loans, only Corsica, the PACA region and Normandy are experiencing rate increases of 4 to 10 basis points.
So, to the question: where can you find the best ratethe answer can be: almost everywhere, with generally a minimum rate of 3.50% over 20 years and 3.80% over 25 years.
Note however: if over 20 years, 3.50% reigns throughout France, over 25 years the Pays de Loire region stands out with a 3.70%, followed by Nouvelle Aquitaine which displays 3.73%, when all regions offer 3.80%.
What to think of the regional rates for the month of September?
First, that given the context, the increase is contained.
This is what Cécile Roquelaure, director of studies at Empruntis, explains:
“As the ECB increases rates by 25 basis points, the increase in mortgage rates remains more reasonable. This is explained by the relative stability of the cost of money on which real estate loan rates are indexed: the 10-year OAT (Assimilable Treasury Bond). The latter, oriented upwards, remains in a tunnel varying from 3 to 3.25% and we must hope that this lasts.
Indeed, without this stability, the risk is that certain banking establishments will resume the distribution of real estate loans later than they wish. Finally, advice from our expert for borrowers, for whom the situation remains stressful:
“Should I buy or wait? It is still good to remember that the purchase of your main residence is not simply a question of profitability! And if the budget is too tight, the drop in prices has started in certain sectors can constitute a lever of purchasing power. To control your budget and develop your research, it is important to have a precise study of its purchasing capacity, to be updated every month !”
Take advantage of our expertise at the best rate!
from 3.30% over 15 years(1)
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