Mortgages & Property Loans : Slight decline in interest rates

In January 2024, the average loan rate stood at 4.15% (4.08% for new home ownership and 4.14% for existing home ownership).

After two years of rapid progression, the average rate reached 4.24% in December 2023. But the increase was only .02 percentage points, closely following the inflection of the rate curve. The profitability of recent loans granted has in fact increased and is maintained within the stability of the ECB's refinancing rate, facilitating the increase in banks' funds pipeline.

The drop in the average rate observed in January is more rapid, that of .09 percentage points, in one month. And it occurs at the start of the year when usually it is in the spring that such declines tend to occur. However, this year banking establishments are seeking to revitalize the real estate loan market.

In January 2024, the average duration of loans granted was 248 months (263 months for new property ownership and 257 months for existing property ownership).

The average duration of loans granted has been more or less stable at around 247 months since last spring, beyond the fluctuations observed from one month to the next.

Updated date : 04/12/24
Creation date : 10/02/24

Request more info

Days

Time slot

I accept to receive information on the property market, new regulations and new offers and personalized products from Transactel
Yes No

If you tick no, you indicate that you do not wish to receive a newsletter on real estate news, offers and products from Transactel

By clicking Send you agree to receive information about your project * Required fields

Collection of your personal information in order to be able to manage the customer relationship and provide advice and additional information at the level of the Transactel brand and, where applicable, at the level of partners and service providers. The data transmitted via this form is intended only for the staff of Transactel and is kept for a period not exceeding that necessary to achieve the aforementioned purposes.
In accordance with European Regulation n° 2016/679 / EU of April 27, 2016 on the protection of personal data and the law "Informatique et Libertés" of January 6, 1978 as amended, you have the right to query access, rectification, erasure, portability and limitation of the processing of data concerning you as well as the right to communicate instructions on the fate of your data after your death. You also have the possibility to object to the processing of data concerning you for legitimate reasons. You can exercise this right by mail to Transactel - 132 Avenue du Mont d’Arbois - 74170 - SAINT GERVAIS LES BAINS, accompanied by a copy of an identity document. For more information see our Privacy Policy.