Where does the real estate market in 2011?

Here are the things to remember in the early years of the real estate market in 2011:

A rise in mortgage rates

After declining steadily throughout the year 2010, mortgage rates in 2011 should rise again.

Indeed, rates for home loans hit their lowest level ever. In 2010, the best rate mortgage was recorded on all loans in November: 3.22%!

Several indicators show that mortgage rates will not remain at levels as low in 2011. By cons, it should not go up very quickly, the rates remain attractive in early 2011.

A new zero-interest loans and grants which disappear

Since 1 January 2011, the tax credit on the loan interest no longer exists. Pass the land either. They were replaced by a new interest-free loan: PTZ Plus.

This new real estate financing assistance is for first-time buyers to purchase a house or apartment for use as a main residence. This interest-free loan is available without means testing.

A drop in house prices mainly due to higher mortgage rates

Aid reform the real estate market results in lower overall budget dedicated to housing. This will impact the price of real estate from the limited purchasing power of the French. In addition, higher mortgage rates could also lead to a decline in property prices in 2011.