Some economic analyses forecast a 3 to 5% drop in French real estate market prices for 2008. Explanations…
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French real estate prices down
Category: Real estate newsChapter: French news Towards a national dropAccording to a study published by Bipe-Empruntis in February, the French real estate market can expect a slowdown in the number of transactions in 2008. It must be said that over the past years, prices were shooting through the roof: +140% in 10 years. In parallel, the average time it takes to sell is getting longer; it took an average 80 days in 2007 versus 71 in 2006. Banks are hardening their loan terms. From among financing possibilities in January 2007, 12% are no longer eligible in 2008; this is especially due to increased interest rates (+0.65% in one year).
Updated on:
10/06/2008
And on the same subject: Real estate market trends in France in 2007 2008-2010 Le Partenaire Européen. All rights reserved
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