For the first time since early 2012, the price of resale properties in France has risen. Meanwhile, the volume of transactions is increasing.
It is only a 0.5% increase but it is the first since the beginning of 2012. According to the index of the French Notaries & INSEE the price of ‘existing homes’ shows its first annual increase for more 4 years.
The increase is solely to due to that of houses (as opposed to apartments), whose prices appreciated 1.1% in the first quarter of 2016 year on year.
In Ile-de-France, the prices of existing homes had “recovered somewhat ” after a continuous period of decline since mid-2012, says the Chamber of Notaries of Paris-Ile-de-France. They rose by 0.2% from January to March 2016, year on year, after falling 0.9% in the fourth quarter and 1.6% in the third quarter.
810,000 sales in one year
Transaction volumes have continued to increase, with 810,000 sales recorded in France in the last 12 months to end-March, according to figures compiled by the notaries. Compared to the same period a year earlier, these volumes were up 17.2%, almost reaching the peak in 2012.