Record real estate transactions in France

More than 900,000 transactions have been carried out in the last twelve months in France, according to a note published by the notaries of France. A figure clearly higher than the 880,000 sales anticipated beforehand.

Between May 2016 and May 2017, 907,000 real estate transactions were carried out in France, according to a note of conjuncture of notaries of France published this Thursday. A historic record that exceeds the volume cumulated a year earlier (824,000 in May 2016). This performance is all the more unexpected since the last prospects of notaries, which result from the number of pre-contracts (documents whose signature precedes that of the deed of sale), anticipated a volume of transactions close to the 880,000 sales.

In any case, this surplus of nearly 30,000 sales shows how much the French have rushed to take advantage of the borrowing rates which, despite the slight rise at the beginning of the year, are still favorable. “There is no shortage of goods to sell, but properties are snapped up very quickly by investors, explain notaries. This situation results from sales that are made without negotiation, pulling prices upwards.