Meilleurtaux.com, a real estate broker, publishes monthly rates in the 10 largest cities in France. In July and for 4 months, Lille keeps the top of the ranking while Toulouse finds the 2nd place at the expense of Nantes. Rates continue to fall in most cities, offsetting in half of them, the rise in prices which remains without impacting the purchasing power of real estate.
Rate reductions in 7 out of 10 cities
In July, the best credit rates offered in the 10 largest cities in France remain downward in most cities. We can now find in the 10 cities a rate well below 4% when only two of them proposed it in January 2012. “To date, at 3.30% over 20 years, the rates are close to their lowest. historical level. This is explained by the very low level of the 10-year OAT rate – 2.23% on July 16 – and the accommodating policy of the European Central Bank, which, by drastically lowering its main interest rate to 0.75 %, seeks to help banks to refinance at lower cost and thus promote the granting of credit “says Sandrine Allonier, head of economic studies of bettertaux.com.
This month, Lille retains its leading position thanks to a stable rate of 3.30% over 20 years. “For a few months, the banks have been conducting very aggressive interest rate policies to win over the best customers. Given the decline in real estate transactions recorded at the beginning of the year, we enjoy significant bargaining power with our local banking partners, which allows us to post exceptional rates for durations of less than or equal to 20 years. Explains Sébastien Ritow, director of the agence bettertaux.com in Lille. Nantes and Toulouse, with a rate of 3.35%, remain elbow-to-elbow, the 2nd place in the ranking is playing the blow over 15 years, the duration on which the city Rose offers 3.15%, a very advantageous rate . No change for Strasbourg, Marseille and Montpellier who keep their ranks in the rankings despite rates down 0.05 to 0.10 point. Paris wins 2 places with a rate of 3.60%. Nice recovery for Bordeaux also which offers a rate down 0.15 point. Nice, with a slight rise of 0.05 point is last in the rankings.
Real estate purchasing power rises thanks to falling rates
In July, sales prices rose in 5 out of 10 cities, but this increase was almost offset by rate cuts. Only Lille sees its purchasing power real estate decline from 62.2 m² per 1000 € monthly to 60.6 m². Elsewhere, it is sand, even rising in Lyon (+1 m²), Toulouse and Bordeaux in particular. Strasbourg remains leader with 75 m² while Paris finishes this ranking with a stable surface corresponding to a studio of 19.8 m².
Add Comment