News from the market
Slight rise in prices of flats, Net increase in house prices
12.08.2010. 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…
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Mortgages: the rates a little lower
30.06.2010. The mortgage rates continue to decline in June, from 0.05% to 0.15%, but not everywhere, and not for all the terms. They should remain stable this summer.
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The price of the existing housing is rising again in Ile-de-France!
27.05.2010. According to the Chamber of Notaries, the rates of existing real estate rose by 2.5% in the first quarter of 2010. Paris could reach 10% increase.
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Luxury Real Estate: the Russian customers are back in Paris
Last year more than half of the sales in the real estate in Paris were conducted with foreign customers.
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Russians have their eyes on European real estate
Last year Russians bought 41% of real estate in and around Paris, Berlin and Rome.
“Russians have been significant players on the international markets …”
Real Estate in France: The stabilization is expected in 2010
Thanks to the favorable credit terms and attractive tax arrangements, the year 2009 was, against all odds, not too bad. Experts foresee a similar situation over the year 2010, the rising unemployment still preventing a significant recovery.
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The historically low interest rates for mortgages are determining the market tendency
The conditions of access to credit, historically good, made creditworthy the households, who could not have afforded it considering the price level.
3.85% over 20 years…
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Decline in existing housing market not as catastrophic as foreseen
Although disappointing, the year 2009 much less catastrophic than expected…
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The market ruled by the sellers
“The market is currently suffering a double brake, said Peter Bazaille, buyers are both blocked by the sale high price, but also by the shortage of goods. Real estate is a safe haven and the owners do not sell.»
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Price stabilization
Those who relied on a price drop may be disappointed. “Given the downturn and crisis, one would have thought that prices would fall in France as was the case in other European countries. But the French market is in shortage and we have not known as the United States, the return of a large quantity of goods on the market, “said Rene Pallincourt. After a few tremors in early 7% on average, the experts are already talking about stabilization. “
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