interest rates could reach 4% over 20 or 25 years

Financing your real estate purchase is becoming more and more expensive, and the situation could well get worse, because interest rates are soaring. At 1.07% on average a year and a half ago, they are at 3.15% in April, and they could climb to 4% in September. A situation that puts a stop to the projects of many households. Adrien Sartoli-Carvalho has already found the apartment he wants to buy. But his file has already been refused four times by the banks.

The situation should not improve

As interest rates rise, households borrow less money. A couple with 3,000 euros net income per month could borrow 210,000 euros in January 2022. In September, if the rate increases to 4%, they will only have 165,000 euros. Less budget available to buy, and the whole real estate market is disrupted. In Poitiers (Vienne), a real estate agent is struggling to sell an apartment offered at 117,000 euros. Buyers are rarer than before. Interest rates continue to rise because banks are also borrowing more than before. And according to experts, the situation should not improve. The number of loans granted fell by nearly 40% in one year.