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Real estate: interest rates falling in 2024?
Real estate: interest rates falling in 2024? – (France 2)
Today at 4.35% over twenty years, interest rates should fall in 2024. Real estate professionals are rather optimistic.
In 2024, those who looked at real estate agency windows last year are going maybe finally be able to buy. Interest rates must fall. They are today at 4.35% over 20 years, it was 2.47% one year ago. According to professionals, they should decline this year, enough to revive sales after complicated months. A 46 m2 two-room apartment in Paris has still not been sold despite the price drop. “It was at 435,000 euros and currently it has fallen to 380,000 euros”explains Magali Herbreteaureal estate agent. “What we essentially notice is the difficulty in obtaining loans for buyers. The contribution that is required by the bankers is disproportionate”she emphasizes.
Interest rates below 4%?
After the price drop in 2023, how much will rates drop in 2024? According to brokers, they could fall below 4%. “They started to fall since the beginning of December with falls between 0.10 and 0.30. Banks borrow at lower rates so they lend at lower rates. explains Maël Bernier, spokesperson for Best Rate. Other good news is that prices should continue to fall, at least until spring.
Among our sources
