According to a new article in Le Monde on January 28th 2014 the French Ministry of Housing published statistics on the French New Property Market.
In the report it is noted:
* During the slow French economy some 332000 homes have been built in France.
* New homes starts in France are down 4.2 percent in 2013 compared to 2012
* In fact, the number of new home starts in the last three months of 2013 compared to 2012 is down 10.4 percent according to the government report.
Olivier Eluère, an economist with the French bank Crédit agricole says these statistics are not a surprise as he has seen a correction in the new home market over the last two years with less sales and an increase in French new construction not sold.
According to Mr.Eluère, this lower demand is a primarily due to the economic situation where there is little growth and employment remains high. This has discouraged investors to buy to rent out.
Prices have also remained high on new developments since developers are not starting as many new programs so the low supply has kept the prices up.
SECRET: As you may know just like the best investors
To find the best opportunities you can benefit from being in contact with locally based English speaking French real estate agents who can contact you once they see these new property special pricing opportunities since typically these special opportunities are only short term.
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Read the original article in French here
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