In France, real estate prices continue to rise in almost all cities. In Paris, more than 10,000 euros per square meter are still due.
(Photo: dpa)
Dusseldorf It’s a clear difference that surprises at first sight. Although Germany and France are both struggling with very high inflation rates and, as part of the euro area, both fall under the monetary policy of the European Central Bank, the conditions for buying real estate are fundamentally different.
While building interest in Germany broke the four percent mark at the end of last week and is currently 4.1 percent for a loan with a ten-year fixed interest rate, the French can still finance their real estate at less than two percent.
As the AVIV Housing Market Report for the 3rd quarter shows, French property buyers were still able to borrow money for 1.9 percent in October – less than half of what buyers in Germany currently have to calculate. At the beginning of the year, interest rates were around one percent in both Germany and France.
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