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Loan Refusals Threaten Real Estate

2020-05-28T17:40:58.770Z


10 to 15% of home purchase compromises do not go as far as the deed.Almost never seen. As the real estate market rebounds after containment, the abandonment of files, they soar. “We have 10 to 15% of compromises that do not go to the end. This is very unusual. In normal times, this does not happen, or very rarely, " says Thierry Delesalle, spokesperson for the Paris Chamber of Notaries. A finding made by most notaries who have reopened their studies since May 11. ...


Almost never seen. As the real estate market rebounds after containment, the abandonment of files, they soar. “We have 10 to 15% of compromises that do not go to the end. This is very unusual. In normal times, this does not happen, or very rarely, " says Thierry Delesalle, spokesperson for the Paris Chamber of Notaries. A finding made by most notaries who have reopened their studies since May 11. "There is a bit of breakage in the old one, we cannot say the opposite," confirms Charles Flobert, notary in Saint-Maur-des-Fossés.

The extension of the withdrawal periods, until July 3 for cases signed before confinement, is undoubtedly not unrelated to these cancellations. Some buyers are hesitant to go into debt over 20 to 25 years, when the economic crisis threatens. But it is not the only factor. “We are seeing more loan refusals. Again, this is very new, ” says Thierry Delesalle.

Read also: Real estate: prices are still going up but sales are slowing

The tightening of the conditions for granting

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Source: lefigaro

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