The granting of real estate loans at its lowest since 2015 last year in France. Due to the rise in interest rates, borrowers have put their projects on hold in 2023.
But the situation tends to improve as banks regain their appetite to lend. The French are on average in debt for 23 years when they buy their main residence, with first-time buyers being in debt seven months more, according to the Banque de France. The production of home loans continued to decline in December to reach 8.2 billion euros over the month.