property abroad in france drops in price
News Posted On: 08 April 2009
Investors who are looking to purchase a property abroad could be able to benefit from house price reductions in France.
Statistics from real estate group FNAIM showed that between January and March this year, property values were nearly ten per cent down on the same period of 2008.
However, the figures also revealed that the rate of decline in house prices appears to be slowing down.
Values were one per cent down on those recorded between October and December 2008, during which time prices were 6.5 per cent lower than in the previous quarter.
FNAIM added that house prices for the year as a whole are likely to decline by at least five per cent, and possibly as much as ten per cent.
Meanwhile, overseas property buyers who are looking to purchase a home in France have been encouraged to look at the Pyrenees.
According to the Telegraph, the region is an oft-overlooked area that is a good alternative to the French Alps.
Written by Les Calvert
Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in France
Back to news articles for this country
Latest Related News Articles in France
French Property Market and The New French President
2012-05-10
The recent election of Francois Hollande as the French president is not likely to have a big impact .....
Legal Guide to Buying in France
2012-05-08
A quick legal guide to buying a property in France through the eyes of a French legal property exper.....
High End Parisian Real Estate in Demand
2012-05-02
If you think that the Eurozone crisis has lowered Paris's commercial property appeal, you couldn’t b.....
France and Spain Are Still Top amongst UK Buyers
2012-04-25
Brits looking for homes abroad still favour France and Spain above all other locations, according to.....
French Lenders Quick to Pass on Reduced Euribor to Borrowers
2012-04-16
Of course, this is potentially good news for those buying property anywhere in Europe, but as has be.....
Property Prices in France Increase by over 4pc
2012-04-11
According to new statistics from the National Institute for Statistical and Economic Studies, proper.....
French Developers Expect to Benefit from UK Retirees
2012-01-11
The number of people reaching retirement age in the UK is due to increase by 22% this year compared .....
Alpine Property Sales Up as Resorts Increase Year Round Appeal
2011-11-04
Alpine property is increasingly being seen as a good investment opportunity with solid year round re.....
French Property Still Most Popular With Brits Says Conti
2011-09-22
According to Conti, the overseas mortgage specialist, France is still the most popular country as fa.....
France still No1 for Brits buying abroad
2011-09-19
Contin Financial reveals its overseas hotspots for mortgage enquiries over the past year......