French Property Set to Prices to Fall
With the recent eurozone crisis many people are worried, and it has been predicted that this uncertainity will spill over and effect the French property market in 2012. There is talk that transaction rates and property prices will be set to fall. Some have said that these price falls could result in up to 6% with a drop of 8% in sales. However, there are also many analyst’s who are hopeful that the French property market will remain attractive to foreign investors. read more
The Cote d’Azur continues to be popular
TheMoveChannel.com recently released figures which revealed that the Cote D’Azur region of France is the most popular area with those looking to steak their claim and invest in French Property.
Amongst the five most popular regions Provence-Alpes-Cote d’Azur was shown to be the most popular with 25% of people looking to invest in this area, this was closely followed by Rhone-Aples with 21%, Languedoc-Roussillon with 14%, the south western region of Aquitane with 8.5% and midi-Pyrenees 7%. read more
Property Prices in Paris are on the Increase
While the euro zone financial crisis continues many investors and French property owners will be interested to know that the price of property in Paris and the surrounding suburbs has risen by 22.5% over the last year.
Even more surprising is that this increase is the biggest increase that has been seen in nearly 20 years.
The average price per square metre in Paris is now 8,159 euros with the 6th arrondissement being the most expensive area with the price per metre being up to 11,690 euros. At the other end of the market the 19th arrondissement was found to be the cheapest where the property price per square metre was expected to fetch 6,350 euros.
Overall property prices in France are steadily rising which is excellent news in a somewhat uncertain finiancial climate.
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