Property prices in France have dropped by 1.6% in 2013

Property prices in France have dropped by 1.6% in 2013

The real estate market in France remains stable and attractive: by data of different agencies, housing prices have fallen by 1.6-1.8% last year, while sales have increased by 3-4%, according to ee24.com citing propertywire.com.

In the western region of Pays de la Loire (-7.8%), in the eastern Franche-Comte (-7.7%), in the northern Lower Normandy and Upper Normandy (-6.4% and -5.8%), property prices have dropped the most. Houses and apartments in popular resort region of Provence-Alpes-Cote d'Azur have become by 3.8% more affordable. The negative trend has spread even to Paris (-3.9%) and its suburbs (-2.9%).

Villas and apatments in Limousin (7.8%), located in the centre of the country, as well as in Aquitaine (+5.1%), in contrast, have gone up in value. Property prices in Limousin are among the lowest in France, so that such a fast increase is quite explicable.