The age of mortgage subscribers was 35 years on average in 2021, against 38 years the previous year, according to the Eloa financing platform.

Despite the continuing health crisis, the French still have projects, especially in the real estate sector. More and more first-time buyers have taken the plunge and acquired their main residence in 2021, underlines Eloa, a collaborative platform allowing credit brokers and real estate developers to offer financing solutions to their clients..

“The year 2021 is heading for a record number of real estate transactions. However, property prices have risen sharply throughout the year, especially in medium-sized towns, which are now very popular with buyers. But the very attractive loan rates offered by the banks made it possible to partially absorb this increase ”, says Eloa. Through the mortgage files processed on its brokerage software eCrédits, over the last twelve months, the start-up has drawn up the typical profile of borrowers.

Mission impossible without input

Unsurprisingly, buying real estate remains a project carried out in the majority of cases as a couple. The tightening of the granting criteria initiated by the High Council for Financial Stability (HCSF), however, encouraged the banks to orient themselves towards the best profiles. CDI has “Essential to obtain a loan in 2021”, notes Eloa. According to the files processed on eCrédits, the average income per household amounted to 2,560 euros per month.

Another lesson: obtaining a loan to invest in stone has become almost impossible without personal contribution, the envelope of which is estimated at around 27,000 euros on average. The amount borrowed, all credits combined, is estimated at 217,000 euros over a period of 21 years. “It is quite simply one of the longest durations ever observed”, Judge Eloa. The rise in prices and the constraints imposed by the HCSF with a borrowing capacity limited to 35% of indebtedness encourage buyers to extend the repayment period.