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Access to property is becoming more and more difficult for some French people, because borrowing is more and more expensive. In four months, the mortgage rate has increased by 25%.
She thought of acquiring the apartment of her dreams, but it looks more complicated than expected. Juliette Dujardin, 23, goes to her broker. To finance his accommodation, all the documents are ready but, recently, interest rates have soared. For Juliette Dujardin, her rate went from 1.35% to 1.85%. He is now missing 12,000 euros. Two solutions for her: find the necessary contribution or buy smaller.
Alexandre Huvenoit, Juliette Dujardin’s broker, explains that many French people have difficulty accessing property: “Whatever the income, today we have refusals that we would not have had two years, three years, four years ago. We are at 20% more refusals.” Since the start of the year, interest rates have been on the rise again. For a loan over twenty years, the average rate was 1.05% in January, against 1.60% in June. According to Maël Bernier, a specialist in the sector, these increases should continue due to inflation.