Banks have reopened the credit tap, but with conditions. The big slogan used by real estate firms owned by large financial groups is "Financing for 100% of the property value", but only for properties that the banks have in their portfolio.
This percentage - which was typical of the boom era - differs today from a peak of 80% of the property value that they offer to external properties and 75.6% which was marked by the general council of notaries in its latest report.
In addition, banks offer for their own properties longer-terms and less interest. The goal is simply to clean up their balance sheets of real estate assets, or at least prevent its accumulation. Today, financial institutions have seized assets worth 100,000 million euros, according to a report from Moody's published by 'The Wall Street Journal'.