2023-06-10 17:25:00
As credit rates continue to climb, several recent news items might slightly facilitate access to mortgages. We take stock.
40% less credit granted, constructions and transactions down sharply… The real estate market has been at half mast since the beginning of 2023. But good news may be coming.
In June, the revised attrition rate now stands at 4.68%. As a reminder, it corresponds to the overall effective rate above which a bank is not authorized to lend and includes the interest rate, guarantee fees, borrower insurance and administration fees.
At the same time, credit rates continue to climb to reach an average of 3.8% over 20 years. According to experts we consulted, these should reach the 4% mark before the start of the school year. “Afterwards, things should calm down, believes Pierre Chapon, co-founder of the broker Pretto, who hopes for a “gradual recovery” of the market.
An uncertainty persists despite everything: the level of the revaluation of the Livret A, expected on August 1st. If there is no direct link with credit rates, the remuneration granted to savers weighs on the banks’ finances and de facto on the credit rates that they are able to offer.
Will the debt ratio soon be easier to circumvent?
Either way, it might soon be easier to get your credit. Especially if you have significant residual savings. As banks are currently looking for liquidity, the latter should become, even more than the mobilisable contribution, a major asset for project promoters.
“Some banks that are not very active in mortgages will come back into the game in the fall, predicts Pierre Chapon. Borrowers should benefit from a return to competition between institutions to finance their projects a little more easily.”
Sector specialists are also waiting for good news from the High Council for Financial Stability (HCSF), the body that sets the rules for obtaining credit.
“While banks can circumvent the 35% debt ratio rule for 20% of their files, the procedures for obtaining these exemptions are currently too complex, which means that they are very little used, explains Pierre Chapon. We are expecting a simplification soon.” This makes it a little easier to obtain a mortgage for certain borrower profiles.
“Negative signals” despite everything
Another decision mentioned in recent days by the government, the extension of the monthly payment of the wear rate – previously revised every quarter – until the end of 2023 at least.
“We are awaiting confirmation from the Banque de France but it would be good news, confirms Cécile Roquelaure, director of studies for the broker Empruntis. we met last year.”
All the lights are not green, however, for the real estate sector. The reinforcement of the supervision of the loan at zero rate and the end of the Pinel device might cool investors. “These are two very negative signals for the market, she says. We need private landlords to deal with the housing crisis. With these decisions, we put a lot of pressure on property owners.”
1686460922
#Real #estate #credit #bad #signals #good #news #borrowers #expect #coming #months
