By June 2013, property prices in France fell by 1% year on year, but increased by 0.7% compared to Q1 2013, according to ee24.com citing french-property.com.
However, data is approximate and was obtained from French notaries. After all, when collecting statistics, notaries don't take into account characteristics of objects, as well as the percentage of sales of a particular type of real estate.
In the absence of other information about the prices of French real estate, we can only content with circumstantial evidences, as well as forecasts and estimates, which are not always compatible with each other. Thus, according to the mortgage broker MeilleursAgents, the following trends can be seen:
- In Paris and the large coastal cities, sales decreased by 10%, and prices are stable or declined slightly.
- In smaller towns, the market declined by 25% , and prices by 5-10%.
- In rural areas, as well as in depressed urban settlements, market is almost paralyzed. The drop in sales amounted to 40%, despite a 10-20 % reduction in prices.
But the experts' forecasts of the number of transactions are confirmed the notary statistics. It is expected that in 2013 up to 645 thousand properties will be sold, while in 2012 there were 709 thousand transactions, and in 2011 there were 808 thousand.