From January 1, 2025, the rate of remuneration for housing savings plans (PEL) will be revised downwards, from 2.25% to 1.75%, according to a publication in the Official Journal. An announcement which marks a decline of half a point after two consecutive years of increases.
A significant drop after encouraging increases
The PEL, a regulated savings product intended to finance real estate projects, has its nominal interest rate fixed from the opening of the contract and stable throughout its duration. This downward revision only applies to new contracts signed from 2025, thus reducing the gains for savers.
As a reminder, PELs opened in 2024 benefit from a rate of 2.25%, those of 2023 were at 2%, and between August 2016 and the end of 2022, this rate stagnated at 1%. This revision therefore marks a disillusionment for future subscribers who hoped to prolong the upward momentum.
Conditions for opening a PEL
Savers must make an initial payment of 225 euros, followed by a minimum annual deposit of 540 euros, with a ceiling set at 61,200 euros. The contract must last at least four years and can be extended up to ten years. Beyond this period, it becomes possible to obtain a fixed-rate property loan, the amount of which depends on the sums paid and the duration of savings.
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However, be careful with early withdrawals. In the event of withdrawal before the scheduled deadlines, the account is automatically closed, thus depriving the saver of the associated advantages.
This decision comes in a context where outstanding amounts on PELs have fallen, reaching 224 billion euros in October 2024, their lowest level since April 2015, according to figures from the Banque de France. A trend which reflects the difficulties of households faced with rising costs and real estate rates, slowing down investment projects.
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