The IN&FI network of brokers has just published its barometer for the year 2024: personal contribution, rates, disparities between regions, average loan amount, etc. Real estate credit has seen a certain revival compared to 2023.
Better access to real estate credit
The mortgage market is showing signs ofimproving accessibility for borrowers at the end of 2024. Indeed, the annual IN&FI barometer indicates a drop in the average personal contribution necessary to obtain a real estate loan which has gone from 72,123 euros in the second quarter (i.e. 22.2% of the total amount of the property) to 65,601 euros at the end of 2024 (i.e. 20.8%).
Good news for households, although this amount remains particularly high. As the barometer still reveals, the annual income of borrowers in 2024 exceeded 55,000 euros for an average loan of 178,888 euros over 22 years and 8 monthswhich confirms the prudence of banks in granting real estate loans.
Borrowing rates that fall below 4%
If the year 2024 marks a certain revival of the real estate sector, there are notable disparities between regions. The Mediterranean stands out with the lowest average interest rate for a 25-year loan, set at 3.66%. In contrast, the Nord displays the highest rate at 3,92 %. Between these two extremes, the average rates observed are:
East : 3,82 %.
Île-de-France : 3,71 %,
Southeast : 3,70 %,
Centre : 3,73 %,
-West : 3,76 %,
Southwest : 3,77 %,
In short, the national average rate, which exceeded 4% in 2023, recorded a drop of almost 1% in the space of a single year. The outlook for 2025 is optimistic, and the momentum is indeed expected to continue. It remains to be seen whether the ECB will initiate a further reduction in its rates and whether the French political context will stabilize.
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