In a context where mortgage interest rates fluctuate between 3 and 4%, taking out a loan with a rate lower than 1% seems like wishful thinking. Not quite, a new mortgage loan was launched in Martinique from August 1st to facilitate access to property for young workers. This experimental scheme aims to offer advantageous conditions to finance the acquisition of a main residence or the completion of a construction project, reports the Empruntis website on August 15.
The beneficiaries of this loan will be able to borrow up to 50,000 euros at an interest rate of 0.5% guaranteed at 80% by the State. The repayment period can extend up to 25 years. For properties requiring work, the latter must be carried out by professionals with coverage of up to 100% of the total cost of the operation. The main objective of this system is to revitalize the attractiveness of Martinique, which has been declining for several years among young people, according to INSEE data.
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This mortgage loan does not have any resource conditions, but buyers must be under 40, reside in or have a concrete link with Martinique and have a job, whether salaried or self-employed, in the public or private sector. Alain Coridon, president of the Territorial Committee of Action Logement Martinique, emphasizes that this financing (…)
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