French house prices - half-year 2017

 

The latest departmental market analysis shows average prices outside of Paris ranging from 650€/m² in the Creuse to 3,900€/m² in the Alpes Maritimes.


(October 10, 2017) Over the past few months there have been a spate of reports from estate agents and notaires concerning the performance of the housing market in the first half of the year. All report that activity levels continue to be historically high, with over 900,000 sales on an annualised basis, driven in large measure by equally record-breaking low mortgage interest rates.


Prices in most of the main cities and towns have also moved upwards by several percentage points. Outside of the Ile-de-France the notaires state house prices have risen on average by 2.9% in the year to June 30, 2017.


However, appearances can be deceptive, for information on the state of the market in rural areas remains scant, and what little that has been provided suggests that in most areas of the country prices are either stagnant or falling. In addition, there are also indications that since June the market in the conurbations has slowed, with demand for mortgages having fallen and reports of prices softening. 


The national average price over the same period was 2,040€/m², with an average minimum price of 1,340€/m², and average maximum price of 3,130€/m². Outside of Paris, there is a difference of 600% between the cheapest and the most expensive departments, with Creuse (in the Limousin) coming in at 650€/m² and Alpes Maritimes (in Provence Alpes Côte d'Azur) averaging 3,900€/m². In the Gard département, prices range from 1360€/m² to 2,240€/m², with an average of 1,810€/m²
 

Share on Facebook
Share on Twitter
Please reload

© 2017 by Uzège Transactions et Développement

  • Black Facebook Icon
  • Black Twitter Icon
  • Black Instagram Icon