good news for the purchasing power of borrowers

Between October and March, the difference is obvious. Borrowers gain nearly 4m in borrowing capacity according to the latest study by broker Pretto, published this Monday.

In a study published this Monday, March 25, the real estate broker Pretto takes stock of the borrowing capacity of individuals, 6 months after its previous study. Borrowers thus gained 3.65 m on average on the 20 cities studied, reports the study. Last October, the broker explained that the surge in real estate rates had resulted in a significant loss of purchasing capacity, in all cities in France.

Real estate credit: three good news for your loan

6m2 more Nantes or 9m2 Saint-tienne and Nmes

At the start of 2024, the results are much more encouraging: in a context of falling rates and a reopening of banks which are lending again much more easily, the positive signals are materializing concretely on the ground, explains Pretto. The exception is Le Havre, where prices continue to rise and therefore where borrowing capacity is decreasing (-3m²), THE purchasing power of buyers increases. These estimates were made on the basis of a 25-year loan with a monthly net income of 3,000 euros and according to the average rates in force in March.

Thus, Nmes, for a loan of 200179 euros, buyers have the possibility of buying 92m²i.e. 9m² more than last October. Same thing Saint-Etienne, where for 198,095 euros, the owner can acquire a property of 147m². HAS Nantes and Dijonfor respectively 199,342 euros And 202,509 euros, you can acquire a property of 56m² And 79m²against 50 and 72m² last October. In the other cities scrutinized by Pretto, the image of Paris, Bordeaux or Marseillethe borrowing capacity also increases allowing buyers to afford respectively 2, 3 and 5m² more than six months ago.

Real estate loan rates falling

Excellent news for those who wish to buy a property there. And with the fall in rates which is expected to continue until the end of the year, we can predict that the French budget will continue to rise, again positive Pretto.

In its latest real estate credit observatory, Meilleurtaux highlighted that 7 banks out of 10 offer rates below 4.30% over 20 years, and a third of the rates offered by the banks below 4.10%. In March 2024, the average rate is now displayed 3.95%before negotiation explained Mal Bernier, communications director of Meilleurtaux MoneyVox on March 19.