French New Property Prices on a downward trend: August 2013

Newly constructed French real estate properties have prices on a downward trend. On a national level prices have gone down 3.6% year over year according to an article just published in Explorimmo.

Nice on the French Riviera is one place were the prices on new French residences have gone down the most: ten percent year over year.

Francois Payelle, president of real estate developers believes that the market is extremely fragile.

To read the full original article in French follow this link