Is this the perfect time to start a real estate project? Not quite replies Franck Prouteau, manager of a brokerage firm: “The price of rents remains high so from this point of view, the purchase is interesting, but the prices of real estate have not started to fall. If prices start to fall, that will be a very good time to buy.“
Look at prices more than interest rates
For the broker, it is therefore necessary to scrutinize the evolution of prices, more than that of interest rates: “Better higher interest rates and lower prices that the reverse, continues Franck Prouteau. We focus on interest rates at 0.10%, 0.20% etc… In the end, this represents a significant sum, but less important than a price drop of 50,000 or 70,000 on a Property.”