Good news for candidates purchasing real estate. After a drop at the beginning of April, according to some experts, loan rates could see a further reduction by the end of 2024 and approach 3%.
Encouraging information for those who have a real estate project. After the recent reductions in prices, particularly in existing properties, it is possible that real estate loan rates will see a further decline by the end of the year.
According to expert figures relayed by The echoes, at the end of 2024 the rates for 20-year loans could reach on average around 3.5% or even 3% for the most optimistic. The lines could still move in the direction of borrowers by the summer. The refinancing conditions of the banks themselves should improve, continues the economic daily.
Rates have already fallen below 4% at the beginning of April. According to our barometer of real estate loans updated on April 17, the best borrowing rates observed over 20 years fluctuate between 3.87 and 3.47%. Over 25 years, good rates range from 3.97% to 3.47%, for the best.
Other positive signals
What pushes those who are hesitant to get started? Perhaps, especially since other positive signals have appeared recently. For example, a probable future reduction in key rates, or the proposed law to facilitate access to real estate credit, which will be debated on April 29 in the National Assembly, and which received a favorable reception from the Finance Committee.
Real estate rates: should you rely on an online bank to obtain cheaper credit?
The production of loans has in any case increased by 51.8% between December 2023 and March 2024, according to the CSA Housing Credit Observatory. The evolution is comparable for the number of loans granted, with + 46.2%.