Mortgage rates in France have decreased to an average of 3.3% for a 20-year loan, a considerable drop from 4.45% in November 2024. Coupled with a 10 to 15% decline in property prices, this creates a more favorable environment for home buyers. For a typical household earning €4,000 per month, borrowing capacity has increased by €20,000 compared to last November. However, the current borrowing amounts remain below those seen in January 2022. Although some buyers may benefit from negotiations on prices, experts advise caution regarding future rate declines.
In March 2023, mortgage rates averaged 3.3% for a 20-year loan, down from 4.45% in November 2024, indicating an improvement in borrowing conditions.
A household with a €4,000 monthly net income can now borrow €20,000 more than in November 2024, helping more buyers enter France's property market.
Despite improvements, current borrowing figures remain significantly lower than January 2022's 1% rates, which allowed a €4,000 income household to borrow €282,000.
While buyers can negotiate additional discounts currently, experts remain cautious about further declines in mortgage rates, as France’s 10-year borrowing rates persist in a narrow range.
Collection
[
|
...
]