According to the French Ministry of housing new French real estate construction went down 17.6 percent between the months of February and April this year 2014.
In the First three months the decline was 11.4 percent so the amount of French newly built property continues to decline.
President Hollande’s goals of 500,000 new residences to help lower property prices is unlikely to be achieved during his five years as president.
Potential Causes:
Rising French Unemployment so local buyers are afraid to invest.
Increased Requirement for French Bank Loans
If you would like another opinion on your financing options we have contact with English speaking French mortgage brokers who can assist you whether you live in France or outside of France. Contact us here with your request.
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