French prices look to be reaching bottom as values stabilise

[Nicholas Wallwork]

Sales and enquiries about property in France are increasing as*the latest figures suggest that prices have bottomed out.

The latest figures from the FNAIM, the national estate*agent's organisation, show that prices fell 1.2% in August*compared with 1.8% in July suggesting that values are*stabilising. Overall the figures show that in the last 12*months prices of apartments have fallen 7.2% and house are*down 8.9%.

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[mpprh]

I manage the website of a French agent.

Sales have continued at a lower level (many to existing French residents) over the last couple of years and there are signs that realistically priced properties are now moving more quickly.

Peter

 

[sextant]

We saw a turning point in June when sales started to pick up again on the French market.

We believe that 2010 will pick up slowly and the turning point will be when the UK government announce that the UK are out of recession (hopefully it will be in January). Then the sterling will become stronger against the euro and people who were still hesitating because of the currency will make the move to France.
You should also keep in mind that properties in France are still cheaper compared to the UK

 

[MaisonAuCroisic]

Yet the bottom does not really seem in sight...