While French households display a record debt ratio, the High Council for Financial Stability on Thursday corrected its recommendations aimed at curbing the drifts of the mortgage market. A decision that seems above all political.
Real estate professionals and credit brokers finally won their case. During a long-awaited meeting, the High Council for Financial Stability (HCSF) decided Thursday to partially relax the recommendations it had introduced at the end of 2019 to curb the boom in mortgage lending.
A surprising decision as the production of housing loans, after a temporary low in the spring due to containment, started again in the summer, returning to its historical levels. And that the risks of over-indebtedness of French households should increase with the crisis. At the end of November, the Banque de France was still defending its firm line.