Is French Real Estate Less and Less Overvalued?

French real estate is less and less overvalued, according to Olivier Eluere in his latest report.

Olivier Eluere is the economist for le Crédit Agricole Bank in France and in his report here in French states that property prices in France are still overvalued but the over evaluation are decreasing. He states that in 2012 pricing was 20 percent too high, however, now with the reduced cost of lending the over evaluation of French real estate is now only about 5 percent.

Mr Eluere states that property prices need to look clearly under priced for a new excited phase of home buying to take place in France.

Learn more by speaking with an English speaking French real estate agent contact us here