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French Property Index

HPI Trends: October 2009 – March 2010

Since October 2009, the average property price in France has risen by a total of 9.6%

 

Overview

At the start of October 2009, homeowners could be forgiven for wondering how on earth they were going to sell their properties and receive a decent price for them! House prices were low; overall the average price of a property in France was €291,748. This figure was in part raised by sale of properties in such popular areas as the Provence Alpes-Cotes D’Azur region in the south, where property, despite the slump, was still in excess of €700,000.

However, the low prices of October were soon forgotten after a sharp upturn in prices for November 2009 which saw a house price increase of 7% which meant that the average house price shot up to €313,343, confidence in the market was slightly restored. Following this sharp rise in prices, the next two months heading into January 2010, saw a steady but slow increase (1% monthly) in house prices. Average prices’ for the period under scrutiny peaked in January 2010 at €321,196, a rise of 9% on the October data.

avergage price in euros

There was a potentially ominous downturn in house prices’ at the start of February (-3%), although this downturn in the grand scheme of things is not that important as come March 2010, the figures suggested that the property market for France was on the rise. The average house price rose from February’s (€312,017) to March’s figure of €319,966. This last figure means that the average house price has risen by 9.63% since October 2009.

According to Sextant French Properties figures, 10,000 Sextant properties were up for sale between October 2009 and March 2010 and 39.35% of these properties were sold. One should note that only 4.2% of the 10,000 properties advertised did in-fact change their prices.

As predicted, the housing market in France has been recovering slowly but surely since August 2009.

 
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Average price
€291,848
€313,475
€317,124
€321,402
€312,017
€319,966
Monthly change
0
+7.41%
+1.16%
+1.35%
-2.92%
+2.55%

Regional price trends

Asking price Trends

Monthly change

.

*please note that the statistics are issued from Sextant database which currently list 10,000 French properties

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