Wednesday, October 27, 2010

FNAIM say French property market is bouncing back

Sorry, I'm a few days late posting this but I have taken on a couple of new search mandates and have been busy.

I guess that (in a miniscule way) this flurry of activity reflects the October figures from the FNAIM. You can see them in detail here.

According to this august body (it stands for the "national association of French estate agents"), prices in France have stabilised during the third quarter of 2010, with small rises in some areas.

Most importantly though, the number of transactions for 2010 is anticipated to exceed 700,000 with overall price rises of between 2 - 3% predicted by the end of 2010.

As usual I would take the price rise comments with a bucket of salt but the transaction numbers (up from a low of around 570,000 in 2009) are good news.

Of course, for specialists like myself we don't know how many of these buyers are from overseas.... but judging by my ringing phone and pinging emails we may just be seeing the start of a revival here too.

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