US: Real estate credit: in August, banks should freeze their rate ... and their production

Real estate: these issues that will weigh on the market in 2023

 Real estate: these issues that will weigh on the market in 2023 real estate remains a refuge value, but "the extent of the inflationary shock on purchasing power" will push the French to be more "vigilant" in their acquisition projects. Even if it means "reporter", said the BPCE group when presenting its prospects on residential real estate for 2023, reports Les Echos. According to the savings barometer and BPCE/AUDIREP investments, only 21% of French people consider the time favorable to buy.

Crédit immobilier : en août, les banques devraient geler leur taux… et leur production © Getty Images - Wera Rodsawang Real estate credit: in August, banks should freeze their rate ... and their production should freeze their rates and Real estate production in August regret the brokers. The summer period, marked by the lack of personnel, and the low wear rates forced them to a “stand by”.

Banks are taken in vice. They first benefit from good news. In accordance with the decisions of the Central Bank, their deposits have not been taxed since July 27 and in theory they have the right to lend at higher rates. What raise their margin a little.

However, they will not take advantage of it to raise their real estate credits. They oscillate between 1.8% and 2.2% in July for 20 years of loans and should not move for the following month, warns Sandrine Allonier, the spokesperson for the court you, "there should be a status quo In August for lack of staff, May also by the impossibility of processing the files. ”

Real Estate: After a strong increase: Experts see relaxation for construction interest

 Real Estate: After a strong increase: Experts see relaxation for construction interest © provided by Handelsblatt Experts see the increase in construction interest braked. They expect interest rates to remain constant or only increase minimally by the end of the year. Photo: Dpadata portal copyright = The rapidly increased costs for real estate loans have vigorously expensive housing or housing purchase. But now there is a breathing space for the construction interest. After the rapid increase in construction interest, experts see a breath for builders and real estate buyers.

to read also mortgage: will the year 2022 sign the end of the easy loan? The wear rate, structural problem

The largest obstacle encountered by banks (and customers) is structural and concerns the rate of wear. This ceiling rate beyond which establishments prohibited from lending is still too low and makes their margins ... negative. It is currently set at 2.57% for loans aged 20 and over. "When you win a rate at 2%, insurance, file and warranty costs are quickly exceeding for wear," alerts Maël Bernier, spokesperson for the Bestaux broker. "Beyond 1.8%, it becomes very difficult to maintain yourself below the wear rate," says Sandrine Allonier.

"The refinancing of banks is now much more expensive. They are unable to integrate this increase into their rate because of wear, "explains Caroline Arnould, director of development of the CAFPI broker. Increasing credit interest would indeed be counterproductive for banks. They have already increased their rate widely since the start of the year, and push the plug more would make all the files unfinitionable. Conversely, they are reluctant to concede lower rate drops since they could not sufficiently increase their margin during the period of increase in the interests of French debt. A situation which forces them to carry out a “stand by”, according to the intermediaries of Crédit

Immobilier: a subsidiary of Evergrande in China sentenced to pay a colossal sum

 Immobilier: a subsidiary of Evergrande in China sentenced to pay a colossal sum © Wikimedia Commons Real Estate: a subsidiary of Evergrande in China condemned to pay a colossal sum A subsidiary of the Evergrande group, the ex-numéro a Real estate in China must pay more than a billion dollars in guarantee after a non -honored reimbursement. A subsidiary of Chinese Evergrande , real estate giant perclus of debts , must pay more than a billion dollars of warranty after a non -honored reimbursement, said the group that fights for its survival.

“we observe on the ground a progressive frost of real estate credits, confirms Olivier Landrevie, president of CAFPI. Since the beginning of the month, 1 in 2 files have experienced difficulties due to the wear rate! (...) Many banking networks have started openly on the sidelines rather than lending at a loss. ”

The number of loans falls

unable to increase the profitability of their real estate credits, the banks therefore close the tap, and the potential borrowers must pay the broken pots. "It's a bit of a disaster, alerts a broker. Banks put their activity on a break and tell us to return in September. Most have revised their lower credit production objective ”. Some have already stopped part of the production of their credit with brokers, but also live in their agencies, like Société Générale, Crédit du Nord or BNP.

Consequence: in annual shift, between April and June, the number of loans granted dropped by 9% specifies the Crédit Housing Observatory. The landscape is not completely black. The outstanding real estate credits was 6.8% in March according to the latest data from the Banque de France. Borrowers are scarce, but the amounts of loans are increasing to deal with the increase in real estate prices.

real estate financing: Building interest rates are falling again - unfortunately no reason to cheer .
© provided by Wirtschaftswoche Since the beginning of the year, real estate financing has become significantly more expensive. Photo: Dpadata portal copyright = Since the beginning of the year, construction interest rates have risen sharply. But now the situation relaxes a bit - and makes real estate financing cheaper again. If you are about to buy a property, you can take a deep breath: the interest for mortgage loans have dropped again.

See also