Tag: french mortgage rates

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June 2014 French Real Estate Mortgage NEWS read this

French real estate just got cheaper and this is not because of falling prices this is because the mortgage rates granted to individual French real estate property buyers is now the lowest in the last 40 years.

According to the French Credit Observatory (l’Observatoire Crédit Logement – CSA) in their press release on June 2nd if you are an individual buying a house in France on the average you can get credit for 16.8 years for only 2.85 percent!

The number of French property buyers making applications for loans is growing but this does not mean everyone is getting approved.

The banks are getting even more cautious on their loaning of money to make sure they are not taking to high a risk with such a low return.

The estimate is that rates on mortgage loans will start to increase before September this year.

Contact an English speaking French mortgage broker and get an update on your financial buying power. To find a mortgage broker contact us here.

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Why is the volume of French real estate sales higher than expected?

In general, the experts in real estate in France see again a slight drop in the value of French real estate prices in 2014. But the price drop on average is less than anticipated. The question in the minds of many people is why.

The answer according to Credit Foncier is because interest rates remain low. If the interest rates increase the cost of purchasing a French property goes up substantially and without a bigger drop in prices the market may stall more.

Low interest rates are keeping buyers in the market place. These buyers are seeking out the best and most desirable French properties and taking advantage of investing with the low interest rates.

Read Credit Foncier article in French here

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French Real Estate Mortgage Rates Dropped in December 2013

If you thinking of investing in French real estate you have more good news. Credit broker Empruntis has confimred that fixed rate mortgages on average were lowered in almost all areas of France in December 2013. 

If you have been following our updates you will remember there was a rise in French real estate mortgage rates this summer but the rates have now stopped rising.

A French mortgage for 15 years, according to Credit Empruntis, is now on average at 3.15% in December, 0.10% less than in November.

A French mortgage for 20 years, according to Credit Empruntis, the average rate is now 3.50% against 3.55% last month.

If you would like to speak with an English speaking French real estate mortgage broker  Just contact us here.

If you would like to read the full report in French in Explorimmo click here.

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French Real Estate Loan Mortgage Rate Comparison 2008 and 2013

Many French property buyers do not see current mortgage interest rates as still low and attractive, yet they are, according to an article in Explorimmo. Rates can be seen clearly as attractive when you compare to 2008.

For example, in 2008 a 20 year fixed rate mortgage was over 5 percent, in January 2012 the same mortgage was at just over 4 percent and today (october 2013) the rate is just over 3.5 percent.

This translates into in to the possibility of buyers saving thousands of euros during the life of their mortgage when they buy now compared to last year when prices were higher and mortgage rates where higher.

Learn specific details about how much you can save on the cost of a French mortgage now compared to last year by contacting your personal banker.

If you would prefer to have a English speaking French  mortgage broker assist you contact us we can help you find one. Contact us here. 

The original article in French is here

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

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