Rates that remain attractive

However, the real estate market is resisting an atypical context governed by the episodes of confinement that we have known. Demand remains strong, and the market is still doing very well. In addition, rates remain attractive in 2021. Despite the tightening of the conditions for granting loans by banks, there is greater flexibility regarding the files of those who had difficulty in passing. With an average interest rate of 1.20%, all durations combined, the loan remains attractive and accessible despite the current situation. (source: Housing Credit Observatory / CSA).

For the best files, the rate is very good, or even lower!

The strongest borrowers may be offered a rate of 0.67% over 15 years. There is therefore a solution to everything, even in 2021. So do not hesitate to do a mortgage simulation with your bank in order to calculate your debt ratio, your future monthly payments and the possible assumption of costs of notary.

Real estate on the Côte d'Azur

Living on the Côte d'Azur ... means enjoying more than 300 days of sunshine a year, enjoying a mild and pleasant climate in summer and winter. Between sea and mountains, the ski resorts are accessible in less than 2 hours by road. The Riviera offers various cultural activities throughout the year, it is one of the most pleasant places to live. While the crisis is still raging, the last annual meeting of the OIH (Observatoire Immobilier d'Habitat) was held around the following themes: trends in the Riviera real estate market in the first half of 2020 and prospects for 2021.

In Provence-Alpes-Côte-d'Azur, the average price per m² for houses is € 3,689, an increase of 5.6% over one year. Since 2019, old real estate has met with great success with investors, with a transaction volume increasing by 10.5%. In the inventory published by the Chamber of Notaries, prices for apartments over 10 years old are on the rise.

In contrast, the new home market was the first to be affected, and its sales and listings fell significantly. Inventory is also drastically reduced. In terms of price, they have seen little development.

Those who say that the Covid-19 has brought down the prices are wrong!

Real estate is doing everything it can to resist. And the French know how to adapt and deal with this situation. They take advantage of the market and low interest rates to carry out their real estate projects. In this context, the easing of the conditions for granting credit, authorized in mid-December by the High Council for Financial Stability, is good news for the sector and can only be promising for you, future buyers or sellers!