During a press conference on Monday January 15, the broker Pretto estimated that rates could fall back to 3% by the end of 2024. A very optimistic scenario and not necessarily shared by other players in the sector.
What credit rates for 2024? After a particularly complicated year 2023 for banks and borrowers, with real estate loan rates falling on average over 20 years from 2.3% to 4.3% between January and December 2023, the start of 2024 marks the start of a downward trend. Faced with this phenomenon, some are particularly optimistic for the months to come.
Between 3% and 3.8% in 2024
Thus, during a press conference organized on January 15, the broker Pretto highlighted a scenario where credit rates would return to around 3% by the end of 2024, as reported by the site Capital. That is to say a drop of one point, while rates today are around 4% over 20 years, according to the broker Meilleurtaux.
The year 2024 offers good prospects for market recovery, with the first rate cuts. Banks have found room to maneuver and all have ambitious objectives for the first half of the year, reveals Pierre Chapon, co-founder of Pretto.
Real estate rates: what will change for your credit in 2024
But not all brokers imagine the year 2024 in the same way. What we anticipate is an average rate of around 3.7% or 3.8% by the end of the year, with a decline in 2025assured Pierre-tienne Beuvelet, director of IN&FI Crdits, MoneyVox at the start of the year.
For Mal Bernier, communications director for the broker Meilleurtaux, we are on a plateau, around 4% and I think we will stay there for a while. We could be 3.5% by the end of the yearbut 3% seems to me to be an extremely optimistic scenario, and it is not the one I favor in the immediate future.