Home Sales, Prices Falling in France

France real estateNationally property prices in France have fallen, sales are also down but there is considerable regional variation, according to figures from notaires and estate agents.

The latest data from Notaires de France show that over the first quarter of the year prices fell 1.6% for properties, with new homes falling 1.4%. The new build market also saw sales plummet 19%.

It is also taking longer to sell a property with average selling times for apartments increasing from seven months to nine and a half months and for houses from ten to 11 months. But prices are still 3.9% higher than a year ago.

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Authored By Ray Clancy – See the Full Story at PropertyCommunity.com

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