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Faced with galloping inflation, the European Central Bank took an unprecedented decision since 2011. The institution decided to increase its interest rates. This will have consequences on the cost of mortgages. Update on the set of 19/20 with Olivier Poncelet.
Borrowing is already more expensive, and “The reason is very simple”says Olivier Poncelet, on the set of 19/20. “Six months ago, banks were lending at an average rate of 1.06%. Today it’s 1.64%”, explains the journalist. Concretely, “If you borrow 200,000 euros, you have a great real estate project. Today, it would cost you 39,429 euros, 15,000 euros more than at the beginning of the year”continues Olivier Poncelet.
It becomes more complicated for some French people, “and not only for the less well off”, says the journalist. In the case, for example, of a couple earning 4,000 euros net monthly, insurance included, “in January this household could borrow 285,000 euros over twenty years. Today, with the current rates, their file would no longer pass. To respect the 35% maximum indebtedness, according to the calculations of the brokers, they can no longer borrow than 265,000 euros”, says Olivier Poncelet. It is all the more complicated as real estate prices continue to rise.
– Data published by the Crédit Logement CSA Observatory, those of INSEE and the FPI (Federation of Property Developers)
– A study by Meilleurtaux.com
Non-exhaustive list.
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