French property prices increase by 10.3%
French property prices increase by 10.3%French property prices increased by 10.3% in 2005 with more property sales passing through the books of local French estate agents, according to the French National Association of Estate Agents (FNAIM).
According to investment property experts, apartment prices rose by 10.6 per cent in 2005, while the price of a house or Villa rose by 9.9 per cent. Although both figures are lower than those for 2004, the FNAIM was very happy with the fact that there was an increase in the number of French properties being sold.
The biggest price increases were seen in Auvergne, Basse-Normandie, le Centre, Champagne-Ardenne, Franche-Comté, Haute-Normandie, Languedoc-Roussillon and in Lorraine. The north and east also continued to see price rises.
Growth was in 2005 was higher than 2004 when property prices in France increased 10%.
Strong European market
With a potential 80,000 U.K. buyers looking to secure a property abroad in 2006 the European Property investment market appears to be in a strong position. With fears of a serious downturn for the UK property market now alleviated experts are anticipating that property investment abroad in 2006 should reap some very positive rewards.
France should have no problem securing its large share of the market, especially with the convenience of being so close to the U.K. And with an average price of 160,000 for a 2bed apartment in Montpellier - Pyrenees-Orientales and 206,000 euros for a stunning Villa in Narbonne - Pyrenees-Orientales it's not hard to understand why.
French property prices increase by 10.3%French property prices increased by 10.3% in 2005 with more property sales passing through the books of local French estate agents, according to the French National Association of Estate Agents (FNAIM).
According to investment property experts, apartment prices rose by 10.6 per cent in 2005, while the price of a house or Villa rose by 9.9 per cent. Although both figures are lower than those for 2004, the FNAIM was very happy with the fact that there was an increase in the number of French properties being sold.
The biggest price increases were seen in Auvergne, Basse-Normandie, le Centre, Champagne-Ardenne, Franche-Comté, Haute-Normandie, Languedoc-Roussillon and in Lorraine. The north and east also continued to see price rises.
Growth was in 2005 was higher than 2004 when property prices in France increased 10%.
Strong European market
With a potential 80,000 U.K. buyers looking to secure a property abroad in 2006 the European Property investment market appears to be in a strong position. With fears of a serious downturn for the UK property market now alleviated experts are anticipating that property investment abroad in 2006 should reap some very positive rewards.
France should have no problem securing its large share of the market, especially with the convenience of being so close to the U.K. And with an average price of 160,000 for a 2bed apartment in Montpellier - Pyrenees-Orientales and 206,000 euros for a stunning Villa in Narbonne - Pyrenees-Orientales it's not hard to understand why.
posted by tony at 7:52 PM
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