Connaître la valeur de votre bien selon le marché
pour vendre votre bien immobilier.
Soyez les premiers à recevoir automatiquement
nos nouvelles annonces immobilières.
Trouvez un bien unique selon vos critères de recherche
grâce à Ateliers Lofts et Associés.
Remember, our previous article was about the Maison&Objet show that took place in early September. This time, we focus on the 2023 trends that emerged! The September edition, themed Meta Sensible, saw a return to sustainable materials with dazzling colors.
Elisabeth Leriche, a trend hunter, declared "Color is asserting itself as a powerful antidote to the incessant backlash of crises but also to a trend towards the standardization of international aesthetic codes. As for François Bernard, member of the Observatory of the show described the edition of "Utopia Now": "Color simplicity, joy of living, poetry [...], sign a need for resilience, reset, search for meaning. This utopia of possibilities is a desirable description!"
The punchy colors of the 1970s and 80s are making a comeback, especially blue, green and orange. Ecological and sustainable materials are expected, such as recycled plastic, ceramics, sourced wood, but also metal, steel etc.
And you, which trend would you be ready to adopt? Dare to use color!
The 2022 edition of Maison&Objet was held from September 8 to 12 in Paris. During these five days, 2,300 brands opened their doors to 50,000 visitors, the opportunity to discover exceptional installations, signed by great names, highlighting more and more novelties, innovations and talents, something to be inspired by.
The show was placed under the sign of "Meta Sensible" (the digital world and the physical world no longer oppose each other but merge to become a new style of creation).
The Italian designer and interior architect Cristina Celestino was in the spotlight among exhibitors from different worlds such as design, decoration through fashion, image but also the world of childcare etc.
From September 8 to 18, 2022, the festival Le Temps d'Aimer la Danse takes the pulse of today's dance of many companieswho, from the most prestigious to the emerging, by all styles, dance the world.
For this 32nd edition of the Temps d'Aimer, the festival continues its eclectic programming. It welcomes 31 companies with a strong presence throughout the city of Biarritz (gigabarre along the ocean, open stages, ball ...), but also with companies roaming throughout the Basque country. An abundant program which multiplies the appointments. From international companies to those of the territory, from big forms to solos, from confirmed names to young artists to discover, the festival displays a plurality of aesthetics, a diversity of universes.Aesthetics, a diversity of universes and proposals in the image of the 6 ballets hosted which embody in their own way the different axes of the festival:
With a Focus on the Caribbean, two Flamenco productions in collaboration with the Flamenco Biennial of Seville, collaborations with the Scène nationale du Sud-Aquitain, theAtabal and the Ravel festival around musical shows, le Temps d'Aimer renews its desire to share dance with generosity with all audiences around 81 events.
+ More info on: letempsdaimer.com
According to the governor of the Bank of France François Villeroy de Galhau, interviewed by BFM Immo, the rates of real loans will still increase to reach between 2 and 3 % on 20 years, against 1,50 % on average currently.
The reasons: the European Central Bank (ECB) is going to raise its interest rates by 0.25 point in July, then by 0.50% in September, to limit inflation. This will slow down demand and encourage it less. This lowers prices.
The consequences of the ECB's policy on credit rates will not be felt immediately, although it will be raising rates this summer. Mechanically, because of the usury rate. This is a threshold established by the Bank of France beyond which it is forbidden for a bank to lend money. Its calculation takes into account the average effective rate charged by the banks during the previous quarter, depending on the duration of the loan.
The usury rates of June have been calculated on the rates actually granted (loan insurance and all fees included) from January to March 2022. When the rates were more attractive than today. Thus, the more buyers with good files borrow at low levels, the more usury rates fall, and the more difficult it is for some borrowers to be financed.
"There is therefore an inertia," explains Sandrine Allonier, spokeswoman for the home loan broker Vousfinancer. Many borrowers see their real estate credit refused today, because their file exceeds the usury rates, currently low. They go up only very slowly... "
The rates of credit could then reach the 2 or 3 % on 20 years at the end of the year. This would result in a significant increase in the total cost of the loan compared to a loan at the current rate of 1.50%.
For example, for a loan of €200,000 at 1.50% over 20 years, the total cost of the loan is €31,622. At a rate of 2%, it increases to €42,824, i.e. €11,202 more and at a rate of 3% to €66,207, i.e. €34,585 more.
This rise in rates will reduce the borrowing capacity of households. For example, to borrow €200,000 at 1.5% over 20 years, you need to earn €2,925 per month, whereas with an interest rate of 3%, you will need to earn €3,361 to absorb the increased monthly payment. That's €436 more per month, or €5,232 more per year!
That's not nothing," says Sandrine Allonier. Either you will have to compensate for this drop in purchasing power by making a personal contribution, or you will have to scale down your project.
According to the governor of the Bank of France, we would thus return to "more normal rates."
In 2017, they were at 2% on 20 years. However, "it was a record year in terms of loan production, with a very high volume of loan renegotiations," says Sandrine Allonier. Loan rates at 2% are not likely to block the market, nor to dissuade borrowers. We have become too accustomed to falling loan rates.
Except that five years ago, credit was not framed as it is today, one could borrow without a contribution, on long terms, with a higher debt. "What is problematic is the accumulation of these brakes, she analyzes, in a period of inflation, with the feeling that real estate prices are very high. The market seems to be more stuck today."
When rates are high, prices go down... In general, the adage is true. We are in a phase of rising rates which could eventually lead to a drop in property prices, but this is not automatic," notes Sandrine Allonier. Sellers will take into account the fact that, because of the rise in interest rates, the borrowing capacity of potential buyers will decrease. This could encourage them to lower their prices. But there is still a shortage of housing supply in some cities, with sustained demand."
And as the rise in rates will be very gradual and there will still be transactions, a collapse in prices should not take place, especially in tense areas, believes Sandrine Allonier. "The important thing is to choose your home well and above all to obtain your real estate loan," she emphasizes.
Source text : ledauphine.com
Article written by- 06/2022
Photo credit: forbes.fr