2023-06-13 19:38:49
DECRYPTION – The regulator is proposing technical adjustments for rental investors, but the effect of which is likely to be limited.
The French who were hoping for a boost to borrow may be disappointed. Despite credit production in freefall in recent months (14.4 billion euros in March 2023 against 24.5 billion euros a year earlier, according to the Banque de France), against a backdrop of a sharp rise in interest rates, the rules for granting loans will change little or not at all. The High Council for Financial Stability (HCSF), which met on Tuesday, only proposed technical adjustments aimed at easing the granting of credit to individuals at the margin.
“The evolution of the distribution of credit is not determined by supply but by demand, which falls due to the evolution of the cost of creditjustifies a source close to the HCSF. Rates are rising rapidly, in line with monetary policy decisions aimed at fighting inflation.
Clearly, the cost of home loans, which has risen from around 1% over twenty years at the start of 2022 to 3.50% today, is decisive in the dynamics of credit. There is…
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