Market reports round-up
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.