loans are increasingly difficult to obtain for buyers

For many French people, investing in real estate is becoming increasingly inaccessible. Pierre Bazire thought he could borrow 205,000 euros for an apartment. “I had done simulations on the Internet, I thought I had a pretty good profile to be able to buy and in the end it turned out that it was not really the case. The rates went up”, he explains. For him, the problem comes from his rate of wear. It is the sum of insurance costs, commissions and the interest rate. If it exceeds 2.40% of the loan amount, the loan is automatically refused.

With the rise in real estate rates, refusals are multiplying. Central banks are also raising their own rates, which could make life harder for buyers. “Central banks have no choice now but to raise rates, so the real estate rate will continue to rise”, explains Estelle Brack, KiraliT banking and finance expert. The Ministry of the Economy claims to seek solutions.