Thursday, November 17, 2005

French Property Prices on the up, but at a slower rate

Average house prices in France continue to rise, although not as quickly as in previous years.

FNAIM (French Association of Estate Agents) state that the average house price is just under 2000 Euros per square metre, up 7.8% on last year.

The average apartment price is 2774 Euros per square metre, and has risen by 10.7%. The increases are larger for smaller properties [+8.3% for 4 room or smaller houses, and +16.3% for studios and 1 room apartments].

The 2005 increases should be compared to the 2004 increases of 12.6% for houses and 17.5% for apartments for the previous year, and so the increase in house prices in particular is less than the year before.

For houses the biggest change is in the West (+10.4%) and the lowest change is in the South-East (+3.5%). For apartments the highest increase is again in the West (+17.6%) and lowest in the South-East (+7.8%).

Some of the highest percentage increases for houses for sale were seen in Limoux (South-West +25.3%) and Les Sables d'Olonne (West +26.4%). Only in a couple of regions did prices actually decrease (Arles -2.2% and Vidauban -2.6%).

visit: http://www.YourHouseAbroad.com/prices2005.html , for a link to the full report at the bottom of the page.



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