Real estate market in France
Real estate market in France
Table of contents
The housing market in France really started to pick up in 2017 following several years of stagnation. This was seen in property sale prices, which rose 4.2% and as per predictions they will still rise. But far more important was the increase in the volume of transactions - having fallen as low as 709,000 in 2012, it increased to 986,000 in 2017. Initiatives such as the Loi Pinel (tax breaks for landlords) and PTZ loans for first time buyers took a while to work, but helped the market turn around after eight years of recession.
Unusually, Paris didn't head the price leaderboard in 2017; it was Bordeaux that starred, with a 7.7% increase in price per square metre. The most active departments, besides Paris/Ile de France and Gironde (of which Bordeaux is the capital), included Provence and the Mediterranean coast, and Nord, where properties in Lille hit record prices. Real estate association FNAIM predicts a further 2% rise in property prices in 2018-2019, while bank Credit Agricole looks for a 3% rise in property resale prices.
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FAQ
| Is it possible to buy a house in France within 50 000 euro budget? What will be the regions? |
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| It is certainly possible to buy a house within this budget. A small village house ready to move into, or a larger house requiring renovation, can be found at this price in a number of rural areas. Limousin (Creuse, Correze, Haute-Vienne) is particularly cheap, and you may find good properties in Brittany, particularly in Côtes d'Armor. Berry (departement of Indre) also has some delightful farmhouses and small town centre houses at this price, though many need restoration. |
Rural depopulation
While regional capitals such as Orleans, Nantes and Bordeaux have mostly done well, smaller cities and towns have seen both population and businesses headed elsewhere. That has left rural properties in France particularly undervalued - a situation that obviously has its appeal to some purchasers, who will be pleasantly surprised by how cheaply they can buy properties in some areas. Real estate in France in its countryside part is still affordable and sometimes has real gems, because not everyone can visit a house just because it's a little bit far from the main routes of property buyers. But we would recommend to have a list of such properties (in smaller towns) in advance and prepare a visit route. The real french life will come out in its natural charm, and that's the life style most of people are dreaming of when thinking about France.
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