Elisa Denjean 1:11 p.m., May 17, 2022
For the first time since 2011, the European Central Bank has announced interest rate hikes by this summer to fight inflation.
An increase in prices that shakes up the real estate projects of the French.
Some have thus had their loan request refused because of the rates charged, Europe 1 has met them.
For Jérémy and his companion, it's a hard blow.
Their request for a mortgage of 400,000 euros was rejected by their bank.
The couple must therefore review all their plans and say goodbye to their coveted house located in the suburbs of Paris.
Three years ago, however, they had borrowed this sum without difficulty to buy the apartment in which they currently live and which they intended to resell.
However, their level of income of around 52,000 euros net per year has remained rather stable, unlike mortgage rates.
Indeed, the European Central Bank has revised rates upwards due to record-breaking inflation.
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"Total Misunderstanding"
Jeremy says his borrowing rate has more than doubled.
"Rates have increased because at the time with the first loan, we were at 1.2%, whereas there we were more in the three 3% range", describes the Ile-de-France resident.
Today, the couple could borrow 250,000 euros to 325,000 euros depending on the banks, but this remains insufficient for their project.
“Misunderstanding dominates. I really did not understand how we could have lost so much value in three years. Yes, there was the Covid year, but it is total incomprehension.
The two thirty-somethings will therefore have to revise their ambitions downwards by buying smaller or in a less expensive city.