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.
“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.”
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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