According to a new article published in Le Figaro, research supplied by Century 21 France shows the French real estate market prices have only gone down 0.4 percent countrywide in the first part of 2014. This is in addition to the 2 percent reduction in 2012 and 1.8 percent in 2013.
Laurent Vimont of Century 21 says that the prices have not gone down more due to the historically low French mortgage rates.
The largest price reductions have been seen in Poitou-Charentes down 6.8 percent, next a reduction of 5.2 percent in Rhone-Alpes and a reduction of 4.7 percent inn Lannguedoc-Roussillon.
In contrast, French regions that experienced large reductions in previous years have seen some increase. For example, Brittany has seen a price increase of 6.7 percent, Aquitaine 3.4 percent and Upper Normandy of 5.3 percent. However, in these areas there is still a notable decline in the number of transactions.
Read the original article here in French
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