House Prices In France Fall

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New figures published by France’s notaires (a notaire is a public official with legal training who prepares and registers official acts such as wills and property ownership transfers) show house prices for second hand apartments and houses fell by 1.6% and 1.4% respectively during Q1, 2012. Meanwhile new-build property prices fell as much as 19% to the end of May.

Despite the falling prices average property prices are still up 3.8% year-on-year. The figures reveal, on closer inspection, a huge variation from region to region and even within a region’s departments.

Cities with price increases (per square meter) included: Amiens and Limoges (10.3%), Bayonne (7.3%), Bourges (8.8%), Paris (7%), Tours (6.9%), Rennes (7%), Lille (5.5%), Bordeaux (5.7%), Lyon (5%), Toulon (4.9%), Toulouse (4.5%), Nancy (3.7%), Caen (3.5%), Besançon (3.1%), and Nice (3%).

Cities where prices per square meter dropped included: Nîmes (-13.3%), Mulhouse (-12.3%), Reims (-6.7%), Saint-Etienne (-6.5%), Rouen (3.2%), and Montpellier (-2.9%).

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About Author

Lucy Culpepper

Lucy Culpepper has traveled to, written about, and worked in some 30 countries. She is originally from Wales in the United Kingdom, has lived all over the UK, in southern California, Spain, and France and has spent extended time in Mexico, Panama, and Costa Rica.