French banks will set up a system for “reviewing’ refused real estate loan applications. The system will be implemented by banks gradually during February 2024, and will apply until the end of December 2024.
The idea of this recourse was launched on November 17 by the governor of the Banque de France François Villeroy de Galhau. The public authorities are seeking to revive the real estate credit machine, seized up by the brutal increase in key rates from the European Central Bank (ECB)