A recent Ifop survey conducted for Cafpi shows the good image of the mortgage broker profession to consumers.
What is a mortgage broker?
It is an intermediary between a financial institution, a bank and an individual who wants to subscribe a mortgage. He collaborates with several lenders and negotiates attractive rates with the latter for a large volume of business. The real estate broker is only paid if the loan application is successful. To choose a brokerage professional safely, we must look if it has Afnor certification (Note that Crédigo has this label since 2006). To win a competitive mortgage rate, it is important to consider some tips from your banker or broker.
To the question “Have you ever heard of mortgage brokers?”, Only 15% of those surveyed said no. They were 16% in June 2016 and 21% in June 2015. Of the 85% of respondents who know the profession of credit brokers, 55% know exactly what their activity is (only 30% of respondents do not see what a broker). 71% of respondents believe that brokers save money, 88% save time. This poll conducted by the Internet from 2 to 5 October 2017 by Ifop Institute with a sample of 1001 French over 25 years.
2017 an exceptional year for the real estate market
The number of real estate transactions in 2017 is growing and has just peaked: 952,000 transactions since the end of September 2017, a record number since 2000. This phenomenon is due to the recrudescence of first-time buyers who borrow at very low rates. This good news benefits all sectors such as construction, which has recorded 16,000 more jobs. Real estate agencies also hire: 6,000 jobs at a minimum.
At the same time real estate prices are on the rise: 3.9% more than in 2016, on average, across the country, prices are reaching highs in some cities on the first part of the year. year, as in Bourges (+ 13.8%), Bordeaux (+ 12%), or Paris (+ 7.9%). Some cities announce smaller increases: Montpellier + 0.1%, Nantes + 0.7%, Toulouse and Nice + 0.8%.
For example, we display 9,000 euros per m2 on average in Paris. In the capital, the price of old apartments averages 8.940 euros per m2 in Paris, or 7.8% over one year, compared with 5.740 euros per m2 in Ile-de-France (+ 5.8%). In France brokers hold about 30% of the mortgage market and this figure should reach 50% within 5 years, particularly because of the increase in demand for first-time buyers.