a relaxation of credit conditions is envisaged, according to Houlié

The Ministry of Finance is studying the possibility of relaxing credit conditions to encourage the relaunch of acquisitions in real estate, said Sunday the president of the Law Committee of the National Assembly Sacha Houlié (Renaissance).

Bruno Le Maireto whom Sacha Houlié spoke about it, “said to study this hypothesis”, according to the deputy for Vienne, interviewed on France info. When asked, Bercy did not react on Sunday.

For Sacha Houlié, the possible avenues would be to “loosen some conditions, either the (maximum debt) rate of 35%, or the exemptions which are open,” declared Sacha Houlié.

The minister, as president of the High Financial Stability Council, received a request to this effect from several Assembly committee chairmen, including Sacha Houlié, as well as the general budget rapporteur Jean-René Cazenave .

Unlock “many situations”

“There are multiple cases in which households, whose income could justify borrowing to acquire a main residence or invest in rental property, are deprived of access to real estate credit. This reluctance can only be explained by the strict and prudential application of the rules decreed by the High Council,” they deplore in their letter.

A loosening of credit conditions “would unblock many individual situations and give a welcome new lease of life to housing construction or renovations,” they judge.

The debt ratio of borrowers, including the cost of credit insurance, is currently limited to 35% of their income, although with exemptions for first-time buyers.