2023-11-07 14:44:39
The interest rate in the real estate sector, which is currently showing a certain stability following reaching peaks in recent months, will only tend to fall in the near future. This is the projection of specialists in the field who are counting on an imminent recovery.
« This is a very high rate compared to what it was two years ago. Compared to when my father bought it, it’s a bit low. I fell in love with it, I had been looking for a year”. These are the words of a new buyer who is almost delighted, on Francetvinfo, to have been able to benefit from a “ affair » at a still quite high rate of 4.3%, and for which the repayment of the total amount, stopped at 460,000 euros, is spread over 25 years. And yet, compared to the rates practiced barely two years ago, there is no comparison since in 2021, the interest rate did not even exceed 1%, compared to the 4.35% required today. today.
But the fact that the figure, which now oscillates between 4.3 and 4.35%, is no longer increasing is already delighting individuals and real estate agents who are banking on a future decline. A drop, however, that everyone hopes is imminent to allow the relaunch of transactions which are floundering. Through agencies, the market has, in fact, been weighed down over the last two years, given that business has become very expensive for individuals. This explains the decline in sales, due to the lack of an interest rate which has become a fairly significant burden to assume, in addition to the price of business which has also increased significantly.
Real estate loans: can we expect the interest rate to return to 1%?
Needless to say, the stability recorded at this time offers a source of rejoicing to almost all parties. “ This will ensure our sales, and above all the market balance. Prices will be able to fall”, explains Aikel Belhadj, real estate expert at Homeloop, on France 2. Reassuring though? Not quite, because other equally informed voices rule out a return to the attractive 1% rates of two years ago.
« Today we are between 4 and 4.5%, it is possible that in the next 2 to 3 years we will come down to a rate around 3%, it is entirely possible, but 1% is ‘is finished ! » says Maël Bernier, spokesperson for Meilleurtaux, on the same channel. The specialist’s warning is clear enough! This is what we would call: it is in your interest to seize the slightest deal if it were to fall into your hands, because waiting too long might also have a price to pay!
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