Real estate credit: first signs of a wait-and-see attitude against a backdrop of inflation and war in Ukraine

Posted Apr 1, 2022, 1:10 PMUpdated on Apr 1, 2022, 5:52 PM

This is what arouses the discontent of the government. While the Minister of Economy and Finance Bruno Le Maire has made this subject an electoral issue, the conditions for access to mortgages, in particular rates, are indeed continuing their gradual tightening. As for the production of loans, it is starting to slow down, potentially signaling the beginning of a wait-and-see attitude among households in a context of uncertainties linked to the war in Ukraine.

According to the latest figures from the Banque de France published on Friday, mortgage rates rose again in February to reach 1.14%, after 1.12% in January and 1.10% in December. For the month of March, the institution estimates the average rate at 1.15%, a level that had not been reached since April 2021. In other words, the trend has reversed compared to last year, where the decline was almost continuous.

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