Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Mortgage interest rates in France rising slowly, but optimism is still strong

France’s mortgage interest rates are slowly rising, however optimism about the real estate market remains strong. Last year, France’s real estate loans hit an all-time high. The country’s historically low mortgage interest rates rose somewhat in December and the upward trend is continuing. However, borrowing conditions are still attractive, making 2017 look promising.

While market conditions aren’t quite as bright on the commercial side, with the stabilization of the 10-year rate, credit brokers are still banking on a robust 2017. According to Jérôme Robin, president of Vousfinancer, as long as the Central European Bank doesn’t increase refinancing rates, banks will continue to lend money and may even choose to lower rates this spring.

Key Takeaways:

  • The real estate market in France did quite well in 2016, paving the way for a potentially lucrative 2017.
  • The strength of the real estate market is due, in large part, to low interest rates.
  • It is possible, however, that central interest rates could be raised, which would impact some lower-income potential home buyers.

“The French real estate market was exceptionally dynamic in 2016 and the unprecedented number of housing transactions was largely due to the decrease in interest rates on loans.”

Read more: https://parispropertygroup.com/blog/2017/interest-rates-france-rising-slowly/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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