Real estate: should you wait before buying?

Is it the right time to buy? Real estate rates should rise to 4% next September. For the French, borrowing becomes more and more complicated. “We did not apply for a loan because we saw that the rates were too high”, testifies a dental assistant. A 30-something was able to obtain a loan to buy his apartment. “Today, the rates have gone up a bit, which means longer repayments and more costs”he laments.

“House prices will go down”

A finding shared by brokers, who are very much in demand today. “With + 40% reduction in credit, each file takes longer”, observes Damien Richard, director of Capfi Paris 13th. Borrowing at 4%, a good plan? In the 2000s, rates averaged 6%, before plummeting. “The last three years, the rates were abnormal (…) With rates around 4%, real estate prices will fall. We have to go now”, advises Caroline Arnould, president of the Professional Association of Credit Intermediaries. In 2023, according to professionals, real estate transactions should drop below the million mark: a decline of 15% in one year.