Is it right to buy property in France now?

Many French people intend to start buying real estate or investing in rental housing, but are still hesitant, waiting for the right moment. In fact, the right moment depends on each individual case. To determine the time to act, important criteria must be taken into account: property value, personal and professional situation, mortgage interest, etc.

The current rise in mortgage rates in France heralds a decline in real estate prices. In practice, however, the situation is often different. What is the context for buying real estate in France in 2023? In general, we note that there are a large number of properties in France looking for buyers. Some buyers are looking for a good home for''subsequent rentals. This can be a great opportunity for those looking for a new home of their own in France to use Locamoi. The search engine offers houses, apartments and rooms with the ability to contact the owner to arrange a quick viewing. However, to determine whether this change of context is favorable for the purchase, it is necessary to examine the current purchase conditions.

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Mortgage rates have risen significantly

Mortgage rates have continued to rise rapidly since the start of 2022. While they were very low, lending rates have risen from 1.06% on average to 3.28% for 25 years. They are expected to reach an average of 4.00% by the end of 2023.

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Should we buy real estate now?

The situation is not favorable for buyers who are wondering whether they should buy now or wait for interest rates to come down. After analyzing the real estate market situation, it can be concluded that the right time depends on your project. If the project is to buy a property as a primary residence for''betAG/h3>

Reduce your property ambitions: it may not be the first thing you think of, but in such times of crisis it is a good decision. If the desired property is too expensive, it is advisable to look at a more affordable property, which may be in a slightly remote area from your chosen area. It is even better to agree to reduce some of the area for your real estate project.

Enlarging your own contribution: to have a beautiful home, you often have to make some sacrifices. Being able to increase your down payment or lending ability allows you to capitalize on a good opportunity at the right time.

Aligning the price of the property well: the current situation is quite difficult for sellers who''It's difficult to sell your property. There are many properties for sale and buyers are in a strong position. You need to take advantage of this to negotiate a certain price range for properties.

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