“Teachers are there to teach facts to students”: in the United Kingdom, the government wants to backtrack on gender theory in schools
Construmat grows by 50% and focuses on sustainability and innovation
War in Ukraine: one week later, where is the Russian offensive in Kharkiv?
An American tourist steals a mug of beer from a tavern in Munich and admits it...50 years later
Cancer: Klineo, a platform allowing patients to access new therapies
Suicide attempts and self-harm on the rise among young girls
In Europe, 10,000 people die every day from cardiovascular disease
Brussels raises Spanish GDP forecasts to 2.1% and foresees a deficit of 3% in 2024
CPF: it is now much more difficult to use your account to finance your motorcycle license
Audible signal, hardening of the accelerator… New cars must be equipped with an “intelligent” speed limiter
YouTube: while Tibo Inshape has just exceeded 18 million subscribers, Squeezie is making its return this Saturday
Russia: court orders seizure of assets of European banks Deutsche Bank and UniCredit
A Putin biopic? Yes, thanks to artificial intelligence
Cannes 2024: with Emilia Pérez, Audiard delights in a new genre
The sequel to the animated classic My Neighbor Totoro will be screened in Cannes
An “exhausting and dangerous” journey: filmmaker Mohammad Rasoulof recounts his escape from Iran
Omoda 7, another Chinese car that could be manufactured in Spain
BYD chooses CA Auto Bank as financial partner in Spain
Tesla and Baidu sign key agreement to boost development of autonomous driving
Skoda Kodiaq 2024: a 'beast' plug-in hybrid SUV
The home mortgage firm rises 3.8% in February and the average interest moderates to 3.33%
This is how housing prices have changed in Spain in the last decade
The home mortgage firm drops 10% in January and interest soars to 3.46%
The jewel of the Rocío de Nagüeles urbanization: a dream villa in Marbella
Europeans: a “Free Palestine” list, whose logo advocates the disappearance of Israel, officially a candidate
New Caledonia: Zemmour accuses Le Pen of “giving in to the thugs and looters”
Europeans: between the RN and the “euro-gagas”, the communist Léon Deffontaines dreams of breaking through to the left
Europeans: professor threatened with death Didier Lemaire shows his support for François-Xavier Bellamy
These French cities that will boycott the World Cup in Qatar
Ligue 1: after asking his coach not to play, Danso (Lens) removed from the group
Ligue 1: like last year, Mostafa Mohamed does not want to wear the jersey against homophobia
Handball (F): Metz once again wins the Coupe de France
Tennis: “I love Paris, it’s a special place for me,” smiles Swiatek about Roland-Garros
The start of a drop in rates and banks becoming more active are doing nothing: the total amount of new real estate loans continues to plummet, according to data from the Banque de France published on Monday. The amount of new housing loans, excluding renegotiations, fell again in March, to 6.7 billion euros, the lowest in almost 10 years. It was 7.4 billion euros the previous month.
The average interest rate for these new loans is, however, more favorable to borrowers, according to the same source, going from 4.11% in February to 3.94% in March, the second consecutive month of decline after the January peak. (4.17%). These rates exclude fees and insurance. All fees included, the rate was 4.79% between January and March for a duration of 20 years or more, according to the Banque de France.
If this downward movement accompanied by calls from the banks is normally likely to energize the market, property candidates are not rushing to the gate. The main obstacle is shared by all market players: a still high property price. The cost of credit, significant for loan candidates even with the start of a drop in rates, weighs on the real estate purchasing power of households.
Finally, banks and brokers consider that the market is hampered by certain rules decreed by the High Financial Stability Council (HCSF), which regulates, among other things, the conditions for granting real estate loans, particularly in terms of rental investment. The real estate loan market has been driven in recent weeks by a bill proposed by Renaissance MP Lionel Causse, supported by Bercy, aimed at reforming the HCSF.
Criticized by the Bank of France and emptied of its substance by several amendments, this bill was finally withdrawn last Monday by its author. The date of the next quarterly meeting of the body, which brings together the Governor of the Bank of France François Villeroy de Galhau and the Minister of the Economy Bruno Le Maire, has not yet been announced.
