It's the good news of the day: the cost of mortgages is finally falling significantly, a definite advantage for future property buyers.
After several months of steady increases, borrowing to become a homeowner should become less expensive, enabling a large number of people to purchase property.
Logi Service, your real estate agency specializing in the
sale of exceptional properties in Port Grimaud, explains all about the fall in the cost of mortgages.
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The cost of mortgages continues to fall at the start of the year
After several months of steadily rising mortgage costs, the lights seem to be turning green for all those wishing to become homeowners.
Many would-be buyers had been putting off their plans to buy a property due to the excessively high rates that were holding up the market. Even so, the cost of 20-year mortgages had risen considerably, from 1% to over 4.5%.
A number of well-known banks have revised their rates downwards, some by as much as 0.4 points in just one month. To give you an idea, a 0.4 point reduction could represent a gain of €10,000 over a 20-year term.
Financial institutions then demonstrate greater flexibility by arranging low-cost loans, and can pass on this lower cost to their customers without making them cringe.The 2 major factors contributing to this fall were the slowdown in inflation and the reduction in long-term interest rates.
This is very good news for the real estate sector, which had suffered an impressive drop in sales due to soaring property costs.
It remains to be seen whether this trend will continue in the coming months.
The Logi Service real estate agency based in Grimaud, will assist you from A to Z with your real estate purchase or sale project, providing you with the best possible advice to answer all your questions and meet all your needs.
Entrust your real estate purchase or sale project to Logi-Service, your exceptional real estate agency in Port-Grimaud
Entrust your real estate project to our Logi-Service exceptional properties real estate agency for the sale, purchase or
rental of your property in the Port-Grimaud area.
Building on our reputation as experts in high-end real estate in the Var, we put our expertise of the local real estate market at your service to offer you fully personalized support to ensure that your real estate transaction runs smoothly and is a real success.
All the services we offer are designed to make your life easier and meet all your needs :
We put our professionalism, our quest for excellence and our know-how at the heart of our follow-up to guarantee your complete satisfaction.
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