🏛️📈 Mortgage lending rebounds with 33% surge in 2025

Oneliner

In 2025, new mortgage lending in France surged by 33% to €146.5 billion, marking a significant recovery after three years of decline. The average borrowing rate fell to 3.08% in December, benefiting first-time buyers who accounted for nearly half of all new loans. Despite this rebound, lending levels remain about 40% below pre-crisis highs, and future rate increases are anticipated due to economic uncertainties.

Key points

• New mortgage loans in France reached €146.5 billion in 2025, a 33% increase from the previous year.
• Average borrowing rates fell to 3.08% in December 2025, down from 3.32% in January.
• First-time buyers accounted for nearly half of all new mortgage loans, reflecting a significant market shift.
• Despite the recovery, loan volumes remain about 40% below pre-crisis levels.

Links

• immobilier.lefigaro.fr: Crédit immobilier : le montant total emprunté l’an dernier pour les achats de logements a bondi en 2025
• BFMTV: Il a bondi de 33% en un an: le volume des nouveaux crédits immobiliers atteint 146,5 milliards d'euros en...
• Les Echos: Après trois années de baisse, le crédit immobilier confirme son embellie

Facts

• New mortgage loans in 2025 totaled €146.5 billion, a 33% increase from 2024.
• The average borrowing rate dropped from 3.32% in January to 3.08% in December 2025.
• First-time buyers represented 47-48% of new mortgage loans in late 2025.
• Mortgage lending in 2024 was approximately €110 billion, a ten-year low.

Quotes

• The number of loans granted to first-time borrowers has been increasing faster than housing sales — Banque de France
• Given the political context, we had a fairly resilient market, largely driven by first-time buyers — Sandrine Allonier

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