Tuesday, February 02, 2010
French house prices rebound.
Just read this very bullish report from the Global Property Guide.
Quoting statistics from the FNAIM the report begins with the statement:
House prices in France rose 3.9% q-o-q in Q2 2009, after several quarters of price falls, according to the National Association of Real Estate Agents in France (FNAIM). France’s economic recovery has surprised market players and government officials, and is attributable to a fiscal boost, and to automatic stabilisers such as welfare support. When adjusted for inflation, the average house price rose by 2.97% over the same period. These quarterly price increases are the highest since Q2 2004.
They then go on to praise the way that the mortgage market operates over here and claim that foreign buyers of second homes in France can still get 100% mortgages.
It's worth reading the full article if you have time.