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Real estate: towards a reduction in interest rates?
Real estate: towards a reduction in interest rates? – (France 2)
Credit rates could fall after peaking, meaning borrowing would be less complicated and less expensive.
Lucile Gautier makes her first real estate purchase. She got a two piece for a 40m2. The price is 460,000 euros, while the interest rate is 4.3% over 25 years. “This is a very high rate compared to what it was two years ago. Compared to when my father bought it, it’s a bit low. I really fell in love, I had been looking for a year”specifies the new owner.
1% over twenty years in 2021
Interest rates have risen sharply over the past two years. They were less than 1% over 20 years in October 2021, compared to 4.35% today. According to professionals, they are stabilizing, which is good news for real estate agents. “This will ensure our sales, and above all allow the market to balance itself. Prices will be able to fall”, explains Aikel Belhadj, real estate expert at Homeloop. Some experts even believe that rates will fall quickly.