The Rising Costs of Property Loans: How it is Impacting First-time Buyers

2023-09-29 04:06:51

In two years, the monthly payments to be repaid for an average property loan over twenty years have increased by 40% while the total interest to be paid to bankers has exploded by more than 320%. Between rising rates, charges, real estate prices and despite the indexation of salaries, a growing number of individuals are seeing their dream of access to property evaporate. Article reserved for subscribers Deputy Head of the Economy Department By Amandine Cloot Published on 09/29/2023 at 06:06 Reading time: 1 min

Groceries cost more. Credits are becoming more and more expensive. Apartment and house prices after their surge in 2019 are only just beginning to stabilize. But the requirements of lenders, against the backdrop of a necessary energy transition of the real estate stock, are tightening. An explosive cocktail for first-time buyers.

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