THE French estate agent association, FNAIM, has produced an in-depth report into the property market for the third quarter of the year.
And it shows that if you are looking for a property then now may be a good time to find a bargain as prices for older properties feel by 0.9 per cent between July and September.
FNAIM’s year on year findings show prices have risen by 4.7 per cent, this compares to a figure of just over seven per cent at the end of 2006.
The European Central Bank’s decision to slowly increase interest rates throughout the year has been highlighted by FNAIM as one of the reasons why price increases have slowed, as well as credit proving more difficult to get.
The FNAIM quarterly report offers a range of information on both sales and rentals, as well as new and old property, here for example is a look at the average price/m2 for the whole of France since 1996.
1996 – €1,112
1997 – €1,121
1998 – €1,163
1999 – €1,267
2000 – €1,395
2001 – €1,499
2002 – €1,654
2003 – €1,891
2004 – €2,183
2005 – €2,411
2006 – €2,581
What are your impressions of the current state of the property market in France? Please feel free to leave a comment below.