Mar­ket re­ports round-up

Living France - - À LA MAISON -

The lat­est re­port from No­taires de France has re­vealed that the vol­ume of prop­erty sales at the end of April 2016 has re­turned to lev­els last seen be­fore the fi­nan­cial cri­sis of 2008, with the num­ber of trans­ac­tions reach­ing 830,000 in the 12 months lead­ing to the end of April. This fig­ure rep­re­sented an in­crease of 19% com­pared to the same pe­riod end­ing in April 2015.

The re­port also showed that prop­erty prices in France in­creased dur­ing the first four months of 2016 for a third con­sec­u­tive time, and were up by 0.5% on the av­er­age price recorded for the fi­nal four months of 2015. Mean­while av­er­age prices in Île-de-France in­creased dur­ing the first four months of 2016, ris­ing by 0.3% after a pe­riod of sta­bil­ity.

The big­gest in­crease in house prices was recorded in Metz, where prices rose by 13.8% and the av­er­age value reached €199,100. The big­gest de­crease was recorded in Château­roux, where prices fell by 15.9% to reach an av­er­age of €95,000.

Cler­mont-Fer­rand in Au­vergne saw the big­gest in­crease in apart­ment prices dur­ing the first four months of the year, ris­ing by 7.7% to reach €1,730/m2. The largest de­cline was recorded in the city of Nîmes in Langue­doc-Rous­sil­lon, where prices fell by 9.9% to €1,340/m2.

Ac­cord­ing to the re­port, the num­ber of new-build pro­jects that were given the green light in the 12 months to the end of April 2016 was recorded at 402,900, an in­crease of 9.9% from the pre­vi­ous year.

The lat­est In­vest­ing & Liv­ing Abroad re­port from BNP Paribas re­vealed that the num­ber of prop­erty trans­ac­tions by French non-res­i­dents in­creased by 27% be­tween 2014 and 2015, and that Bri­tons rep­re­sented the largest na­tion­al­ity of over­seas buy­ers, ac­count­ing for 34% of all prop­erty sales in 2015.

The num­ber of Bri­tish buy­ers in­creased for the third year in a row, with 68% pur­chas­ing a sec­ond home and 32% buy­ing to make a per­ma­nent move. ProvenceAlpes-Côte d’Azur was the most pop­u­lar lo­ca­tion of choice among in­ter­na­tional buy­ers, with 22% opt­ing to buy a prop­erty there, while Lor­raine was the least pop­u­lar with 3%. Poitou-Char­entes was the most pop­u­lar lo­ca­tion with Bri­tish buy­ers (33%).

Prop­erty agency Home Hunts has also re­ported a dra­matic rise in the num­ber of UK-based en­quiries for Paris.

In Right­move’s July 2016 Over­seas Search Re­port, four of the top 10 trend­ing searches were lo­ca­tions in France, with Masseube (Gers), Vannes (Mor­bi­han) and Dom­front (Orne) oc­cu­py­ing the top three spots and Ardèche com­ing in sixth.

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