After a difficult start to 2018 marked by a slowdown, new mortgages reached €110 billion as of H1 2019, versus €98 billion last year and €176 billion as of H1 2017, which was a record year for real estate lending. Mortgage volumes continue to grow thanks to the lower deposit required, as initiated slightly over a year ago. This decrease amounts to 7% for the first seven months on a year-on-year basis, and this even when demand solvency is deteriorating. The cost of borrowing continued to drop, reaching 1.25% at the end of the half-year.