Sales volumes and prices increase in France

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.