News from the market

Slight rise in prices of flats, Net increase in house prices

The eight major French urban areas continue to see their prices rise. According to Pap.fr, the increase was 0.39% in July for flats and 1.15% for houses (respectively ten and nine months of increase). These results account to the rise for the first seven months of the year for respectively +4.57% and +8.61%, variations rise for a year +7.70% and +10.84%. For three months the trend is also upward with 2.11% and 5.34%.

In regards to negotiating rates (difference between the price in the ad and the negociated price), it has fallen down to 5.42% for flats and 7.47% for houses, against respectively 5.65% and 7.58% in June. As for the average time of transaction, it is six weeks to eight weeks for apartments and houses.

Source: www.guideducredit.com, 12.08.2010, click here to see the article