On the occasion of the last real estate exhibition in Paris Porte de Champerret credit broker Cafpi surveyed its regional offices to determine the trends of mortgage market locally. 5 ideas have been screened: "production credits tumble," "Real estate is a coherent market," Banks stopped lending, "There are more customers borrowers" and " Confidence will not return before long. " In the North, poor economic conditions force individuals to delay their building projects when they can. "They prefer to work, renovating the house or adding a room rather than change," said Carine Derieux, head of the North. Culturally, this region stands out on several items. The appropriations are always more expensive on average by 0.2 points. In addition, "it is a trait of personality in the North than being rooted in a tendency to tough bargaining, totally disconnected from any commercial logic," said Carine Derieux. Northerners also envisage that very rarely during the construction of an initial acquisition and "most of them did come in second or third time, when children are born." The first-time buyers represent one third of the clients of the broker: "Decisions are often taking family, parents tend to discourage young borrowers to engage in the adventure."
The western region is it, "carried by the primary assumption, in the words of Dominique Durand-Perdriel, Leiter. "In the quadrangle Nantes / Saint-Nazaire / Vannes / Rennes, first-time buyers account for 95% of clients wishing to acquire or build a house," said the official. Moreover, the important part files in 2009 under the Scellier device is significant, amounting to 10% of mortgage applications processed. Price later, "the western region has not experienced a decline in property prices as significant elsewhere. We are just beginning to feel it. " To find "a high level of production would require a further fall in property prices of around 10%, with an economic recovery that jams up the spiral of layoffs."
In Normandy, "first-time buyers accounted for 50% of customers with a loan CAFPI main income of around 121 000 euros," explains the head of the region Sylvain Lefevre. For volumes, "the rate cut has generated a momentum regarding the sale of flats located in old city center. He added that the housing crisis has brought back to the basics of real estate, "a principal residence built here 20 or 30 years with materials of low energy performance and located 20 km from an urban center can no longer have the same value that a property located in urban areas with good energy performance level. As for banks, broker notes that they "have returned to the agenda the prudential rules for credit risk. But they have not changed the fundamentals that are bank debt ratio, continuity of employment and the buyers' left to live, what keeps a household to meet current expenses after payment of all outstanding loans. However, the rate cut helped "improve the level of debt, and help households achieve their real estate projects.
In the South East region is mostly the old houses in that document. 90% of mortgage applications relate to the main residence and "66% of borrowers are first time buyers," says Gilles Rolet in charge of the region. Some areas suffer as Lorraine is relatively affected by the crisis. Conversely, Nancy, protected by its large population of staff, is less affected than elsewhere. However, Cafpi having recently moved into this region, lack of historical data as collected. The broker noted however that "aid to the attainment have risen sharply. Market prices, a decline - 20%, and lower rates represent a significant gain power purchase real estate. 120 to 150 euros of purchasing power on a monthly payment can regain access customers who had lost the ability to borrow. " In eastern North area including Alsace and Moselle, three cities recorded a significant activity: Strasbourg, Metz and Thionville. "The average loan is Cafpi 141 000", explains Christian Coin. In detail, the average loan amount to 132 000 in Metz, 143 000 in Strasbourg and 154 000 in Thionville. On the variation of the contract, the manager observes that despite a declining market, "a new clientele in search not only the lowest but also advice and security" consults. 57% of them have an annual income of less than 38 K €. In the income bracket above 50 K €, "surprisingly, the percentage of borrowers is higher in Thionville than anywhere else." Distrust of banks is strong: "90% of borrowers are willing to switch banks as a corollary of homeownership."
Many first-time buyers to the Central East region consisting of 60% among its clientele, with an average loan of around 150 000. This young population under 35 years, buys mostly in the former. "Lyon provides the bulk of our production, far ahead of Grenoble and Saint-Etienne," explains Jean Gignoux, head of the region. He admits, moreover, that the banks, although they remain very lenders on individual clients, "are now more demanding on the profitability of a credit transaction. Lyon remains stable thanks to a base of medium and very upscale. "The more we move away from the Lyon area, the market becomes more tense. Cities such as Villefranche, Vienna and Bourgoin experiencing strong price decline and their real estate activity. Saint Etienne is an unusual and difficult market, with low prices and customer revenue less important than in other departments in the region. Grenoble remains strong, with high prices and good incomes. In the region PACA West, there is "neither more nor less than before refusal" of funds by banks said Thierry Bailly, head region. "We are not brokers rate as others, we are dealers by name and do the financing package, which allows us to differentiate" into explaining the unchanged number of denied credit. Thierry Bailly also noted that "the average intakes are increasing, which indicates a crisis. In Avignon, for example, 75% of transactions involve primary residences, mostly single-family homes, with an average loan of 152 000 and an average debt of 23 years.
To the east of the region PACA, the "production volumes are down compared to those of 2008, however incommensurate with the fall in volumes of national funding," said Eric Brame, head of the sector. He added: "Provence Alpes Côte d'Azur, demand remains relatively strong despite prices that have fallen." On the issue of obtaining the mortgage, the region has found that they no longer depend on "only the purchase price of capital, and debt ratio, banks also arbitrate according to the residual and left to live, the debt ratio is so much better managed and controlled mainly. A household with an income equal to two minimum wage can not exceed 25% debt, while a childless couple with 4 000 of monthly income can go into debt up to 3 5%, with a remainder to live comfortably. The building project type? An old house with work for an average price of 300 000.
"We become the broker of our family of customers! "Says Laurent Desma, Cafpi responsible for the South West Region. A "showdown" is underway in the region between sellers and buyers, some want to force prices down and others expect a recovery and maintain their offerings. Another notable phenomenon, the population of inner-city areas for the benefit of potential land. "Buyers do not hesitate to move away from inner cities to settle in areas where land is still a large potential. Near Bordeaux and the Basque coast, there is still land available if we agree to s'excentrer. This is the case around Saint Jean de Luz, where many formerly agricultural villages became suburbs nearby. The triangle BAB, Biarritz Anglet Bayonne, is a micro urban market that still retains its strong development potential. The south of the Landes, Hossegor, Capbreton, Tyrosse, is looking for his second home and vacation rental investment. Furthermore, agencies Cafpi did not notice any change in the attitude of banks that continue to give credit as before. "However, we see an evolution on the bridge loans, with the granting of additional time or the introduction of a drop in weight, grade Laurent Desm.
The western region is it, "carried by the primary assumption, in the words of Dominique Durand-Perdriel, Leiter. "In the quadrangle Nantes / Saint-Nazaire / Vannes / Rennes, first-time buyers account for 95% of clients wishing to acquire or build a house," said the official. Moreover, the important part files in 2009 under the Scellier device is significant, amounting to 10% of mortgage applications processed. Price later, "the western region has not experienced a decline in property prices as significant elsewhere. We are just beginning to feel it. " To find "a high level of production would require a further fall in property prices of around 10%, with an economic recovery that jams up the spiral of layoffs."
In Normandy, "first-time buyers accounted for 50% of customers with a loan CAFPI main income of around 121 000 euros," explains the head of the region Sylvain Lefevre. For volumes, "the rate cut has generated a momentum regarding the sale of flats located in old city center. He added that the housing crisis has brought back to the basics of real estate, "a principal residence built here 20 or 30 years with materials of low energy performance and located 20 km from an urban center can no longer have the same value that a property located in urban areas with good energy performance level. As for banks, broker notes that they "have returned to the agenda the prudential rules for credit risk. But they have not changed the fundamentals that are bank debt ratio, continuity of employment and the buyers' left to live, what keeps a household to meet current expenses after payment of all outstanding loans. However, the rate cut helped "improve the level of debt, and help households achieve their real estate projects.
In the South East region is mostly the old houses in that document. 90% of mortgage applications relate to the main residence and "66% of borrowers are first time buyers," says Gilles Rolet in charge of the region. Some areas suffer as Lorraine is relatively affected by the crisis. Conversely, Nancy, protected by its large population of staff, is less affected than elsewhere. However, Cafpi having recently moved into this region, lack of historical data as collected. The broker noted however that "aid to the attainment have risen sharply. Market prices, a decline - 20%, and lower rates represent a significant gain power purchase real estate. 120 to 150 euros of purchasing power on a monthly payment can regain access customers who had lost the ability to borrow. " In eastern North area including Alsace and Moselle, three cities recorded a significant activity: Strasbourg, Metz and Thionville. "The average loan is Cafpi 141 000", explains Christian Coin. In detail, the average loan amount to 132 000 in Metz, 143 000 in Strasbourg and 154 000 in Thionville. On the variation of the contract, the manager observes that despite a declining market, "a new clientele in search not only the lowest but also advice and security" consults. 57% of them have an annual income of less than 38 K €. In the income bracket above 50 K €, "surprisingly, the percentage of borrowers is higher in Thionville than anywhere else." Distrust of banks is strong: "90% of borrowers are willing to switch banks as a corollary of homeownership."
Many first-time buyers to the Central East region consisting of 60% among its clientele, with an average loan of around 150 000. This young population under 35 years, buys mostly in the former. "Lyon provides the bulk of our production, far ahead of Grenoble and Saint-Etienne," explains Jean Gignoux, head of the region. He admits, moreover, that the banks, although they remain very lenders on individual clients, "are now more demanding on the profitability of a credit transaction. Lyon remains stable thanks to a base of medium and very upscale. "The more we move away from the Lyon area, the market becomes more tense. Cities such as Villefranche, Vienna and Bourgoin experiencing strong price decline and their real estate activity. Saint Etienne is an unusual and difficult market, with low prices and customer revenue less important than in other departments in the region. Grenoble remains strong, with high prices and good incomes. In the region PACA West, there is "neither more nor less than before refusal" of funds by banks said Thierry Bailly, head region. "We are not brokers rate as others, we are dealers by name and do the financing package, which allows us to differentiate" into explaining the unchanged number of denied credit. Thierry Bailly also noted that "the average intakes are increasing, which indicates a crisis. In Avignon, for example, 75% of transactions involve primary residences, mostly single-family homes, with an average loan of 152 000 and an average debt of 23 years.
To the east of the region PACA, the "production volumes are down compared to those of 2008, however incommensurate with the fall in volumes of national funding," said Eric Brame, head of the sector. He added: "Provence Alpes Côte d'Azur, demand remains relatively strong despite prices that have fallen." On the issue of obtaining the mortgage, the region has found that they no longer depend on "only the purchase price of capital, and debt ratio, banks also arbitrate according to the residual and left to live, the debt ratio is so much better managed and controlled mainly. A household with an income equal to two minimum wage can not exceed 25% debt, while a childless couple with 4 000 of monthly income can go into debt up to 3 5%, with a remainder to live comfortably. The building project type? An old house with work for an average price of 300 000.
"We become the broker of our family of customers! "Says Laurent Desma, Cafpi responsible for the South West Region. A "showdown" is underway in the region between sellers and buyers, some want to force prices down and others expect a recovery and maintain their offerings. Another notable phenomenon, the population of inner-city areas for the benefit of potential land. "Buyers do not hesitate to move away from inner cities to settle in areas where land is still a large potential. Near Bordeaux and the Basque coast, there is still land available if we agree to s'excentrer. This is the case around Saint Jean de Luz, where many formerly agricultural villages became suburbs nearby. The triangle BAB, Biarritz Anglet Bayonne, is a micro urban market that still retains its strong development potential. The south of the Landes, Hossegor, Capbreton, Tyrosse, is looking for his second home and vacation rental investment. Furthermore, agencies Cafpi did not notice any change in the attitude of banks that continue to give credit as before. "However, we see an evolution on the bridge loans, with the granting of additional time or the introduction of a drop in weight, grade Laurent Desm.
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