Overview

At the start of October 2009, home owners 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 after the peak of 2007; overall the average price of a property in France was €256,283. 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 properties, despite the slump, were still in excess of €558,049.

However, the low prices of April 2010 were soon forgotten by an increase during the second quarter of 2010. In September 2010 we notice a small decrease in prices which were due mostly to the world financial crisis. Then prices increased steadily until November 2011 to reach this average price: €307,059, confidence in the market was slightly restored. As predicted, the housing market in France has been very stable since October 2009.

According to Sextant French Properties figures which are source from their listing of 30,073 rural properties for sale between October 2009 and Novembre 2011, 59.44% of these were sold. One should note that only 16.33% of the 11,000 current properties advertised did in-fact change their prices.