Good news for borrowers at the beginning of the year!

While real estate experts were betting more on falling prices to see a revival of a market that has been dormant in recent years, good news has come from banks, which have started cutting credit rates.

This has not been the case for almost two years, i.e. since the end of 2021: real estate loan rates, which had been rising steadily until stabilizing in mid-2023, are finally triggering a downward curve, in most regions of France. capital city. Rates are falling and are now flirting with 4%. After a long shortage, this is the first one that already makes borrowers happy.

” Half of the banking institutions cut their rates in January. This is a very positive sign for buyers.”rejoices Cécile Roquelaure, Director of Studies at Borrowed near capital city. Figures released by the broker show declines recorded almost across France. “On average, the rate reaches 4% for loans spread over 20 years”, confirms the source. Or a drop that goes “From 15 to 40 basis points depending on the region”, We clarify. The new average rates currently vary from bank to bank with a minimum value of 4% and a maximum value of 4.40%.

The average rate is still over 4% in only two regions

It is only in the Province-Alpes-Côte d’Azur region where the average credit rate is still at 4.40%, although the minimum rate is 4%. Elsewhere, in most regions, the minimum rate is actively approaching 3.82%, such as in Centre-Val de Loire, Normandy, Haute-de-France, Grand Est, Bourgogne-Français-Comte, Auvergne-Rhône-Alpes, Occitanie, New Aquitaine, Brittany. Across all these regions, the average credit rate is now 4%.

The Pays de la Loire is another region in France where average credit rates still exceed 4%. However, it is barely 0.15% higher, while the minimum rate rises to 3.95%. ” The cost of money has fallen in recent weeks for banks, which are likely to once again cut their rates to attract new customers.. The decline is not yet widespread, but the pressure on buyers is gradually easing »More comments on Cécile Roquelaure source.

Real Estate Lending: Rates should continue to decline

Hence the trend seems to be sustainable, the decline is expected to continue in the coming months. Optimistic experts also expect a rate that will decrease to 3% by the end of the year, the same encouraging prospects on the price scale that mechanically, with the revival of the market, under the impact of competition, we predict.