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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.

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.

Regional price trends

Normandy Avg. price Mar 2010 €255,369 Monthly change -0.58% 5 month change +10.92% Aquitaine Avg. price Mar 2010 €303,716 Monthly change -0.71% 5 month change -3.26% Bourgogne Avg. price Mar 2010 €255,434 Monthly change -8.45% 5 month change -8.13% Brittany Avg. price Mar 2010 €201,590 Monthly change +0.83% 5 month change +15.54% Centre Avg. price Mar 2010 €204,410 Monthly change -2.58% 5 month change +10.11% Languedoc Avg. price Mar 2010 €320,449 Monthly change -1.94% 5 month change -2.59% Limousin Avg. price Mar 2010 €216,614 Monthly change +2.04% 5 month change +8.92% Midi-Pyrénées Avg. price Mar 2010 €289,987 Monthly change -1.02% 5 month change +0.63% Nord Pas de Calais Avg. price Mar 2010 €221,867 Monthly change -2.20% 5 month change +3.70% Pays de la Loire Avg. price Mar 2010 €255,320 Monthly change +8.42% 5 month change +10.26% Poitou-Charentes Avg. price Mar 2010 €263,863 Monthly change +8.06% 5 month change +10.02% Provence Cotes D’Azur Avg. price Mar 2010 €921,550 Monthly change -0.95% 5 month change +27.83%

Asking price Trends

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