News from the market

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. “

The only comparison we have in terms of crisis is the period that followed the early 1990s, and it was not of comparable magnitude. Three to four years had then been necessary to move forward. We therefore expect a gentle rise in prices, at 1% per year. Therefore no question of finding the euphoric period of 2000 to 2007, where buyers doubled their development regardless of the property purchased. Pierre Bazaille says that despite the decline in the number of transactions, the proportion of foreign buyers has remained the same (5%). “They stayed despite the crisis and maintain prices,” adding that we should expect a boom in some cities the day when Chinese investors are allowed to place their money in France.

Source: Digest lefigaro.fr, February-March 2010