“On average, rates are 0.05% lower than last month,” says Maël Bernier, director of communications at broker Meilleurtaux.com.
(LaVieImmo.com) – This May has been characterised by a fall in real estate rates. “On average, rates are 0.05% lower than last month,” says Maël Bernier, communications director at broker Meilleurtaux.com. According to Meilleurtaux, average rates have reached 1.41% over 15 years, 1.63% over 20 years and 1.83% over 25 years.
What accounts for these levels?
Meilleurtaux offers several explanations. Firstly, “key rates remain at very low and stable levels of around 0.70%”. Also, it appears that banks have not met their business objectives.
“Attract new customers”
“The first quarter fell short and they are having to go out and attract new customers.” Meilleurtaux goes on to explain that young people and first-time buyers are particular targets “with major long-term efforts being made by banks”. And the final reason: the market is experiencing the arrival of new players, especially online ones, which maintains the downward pressure.
When it comes to predicting the months ahead, the broking firm is pretty confident. “The stars are still aligned for rates to remain very low,” says Maël Bernier. Key rates are very low and competition between banks remains fierce. Meilleurtaux continues to “expect ever-lower rates until at least the summer”.
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