According Pierre-Luc Vogel, president of the French Council of Notaries, in 2014, the price of pre-owned apartments fell 1.7% nationally. The price of houses fell 04%.
However, when you take into account inflation which is 0.5 percent in October 2014 the reduction of values is much higher.
With adjustment for inflation the pre-owned apartments have nationally experienced a 7 percent price reduction and the pre-owned houses have nationally experienced a 5 percent price drop.
Read the full article in French here
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