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French Property Prices Down in 2013 but Sales were Up

According to Century 21, overall in France, French residential property prices fell by 1.8 percent in 2013. This is in addition to the 1.9 percent fall in 2012.

This indicates French real estate property prices are about the same as they were in 2010.

The largest price drops were in Pays de La Loire with a fall of 7.8 percent.

Prices fell by 3.8 percent in Provence Alpes Cote D’Azur.

Prices fell by 3.9 percent in Paris and 2.9 percent in Ile de France.

The overall French average is not as low as expected most likely due to the fact that areas like Limousin experienced a positive increase of 7.6 percent. This increase when factored into the data makes the overall average drop appear smaller.

In addition, the agencies referred to in the original report stated that there was an overall increase in sales of between 3 to 5.5 percent in 2013, in contrast to the downward trend in sales in 2012. This indicates buyers are taking advantage of the lower French property prices.

It is clear that if you are planning on buying or selling French real estate in 2014 you need a locally based English speaking French real estate agent who know what is happening in the local market. We can help you find one at no charge just contact us here.

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