PROPERTY MARKET UPDATE

What’s happening in the French property market?

Although some are viewing France’s property market with a “wait and see” attitude at the moment, the most recent report from Notaires de France shows that prices for older properties in France had fallen by 1.7% in 2013 – meaning there are some real bargains to be had across the country.
The report also showed that in a number of major cites across France, such as Montpellier, Rennes, Dijon, Marseille and Grenoble, prices have continued to decrease in 2014. However, a sign that the market is recovering comes with news that that Toulon and Strasbourg have recorded a slight price increases, and that prices have remained stable in Nice, Lyon, Toulouse, Bordeaux and Nantes.
This month Property in France’s newsletter focuses on Aquitaine, of which Bordeaux – France’s ninth biggest city – is the capital. Reports show that property in Bordeaux’s urban areas have actually increased in value by almost 2% over the last year, meaning it could offer good investment potential should its current stability continue.
Bordeaux is located in the Gironde department, you can click here to find out what’s for sale in this area.
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