In France, new home sales continue to grow

Sales of new homes in France continue to accelerate. They were up 21.8% in the second quarter compared to the same period of 2014, confirming the rebound that was seen in the fourth quarter of last year, according to data released Tuesday by the Department of Housing and Territorial Equality.

The increase was more prevalent in new homes with multiple occupants (+23.4%) than single occupants (+6.0%). A total of 26,533 new homes were reserved between April and June compared to 21,784 a year earlier.

This level is higher than the first quarter of 2015 (24,423) and fourth quarter of 2014 (24,673). The increase year on year was 9.3% to a total of 95,071 units.

At the same time, resales totaled 24,557 units in the second quarter (down 3.9% from the second quarter 2014).

A sharp rise in new-build apartment reservations

In the second quarter 2015 reservations of apartments amounted to 24,500 units, the highest level since the end of 2011.

Compared to the second quarter of 2014, the increase was a substantial 23.4% with studios being the most popular (+36.8%), a prime target for investors.

Reservations for villas rose 6% compared to Q2 2014, reaching 2,000 units, but the number of sales here was still below the figures observed in 2012 or 2013.