Value of new mortgage loans in France 2016-2023, per month
The monthly value of new mortgage lending fluctuated between 14 billion euros (January 2017) and 38 billion euros (September 2017). In May 2023, the value of mortgage loans originated amounted to 14.1 billion euros, down from 24.7 billion euros during the equivalent month in 2022. One of the main reasons for the decline in new lending was the increase in mortgage rates in response to soaring inflation. With borrowing notably more expensive, homebuyer sentiment decreased and buyers were less likely to take out a loan.
