French property values continue to grow
Wednesday, 31 August 2011
2:29 PM
House prices in France continue to climb, rising for the fifth quarter in succession, according to new figures out today.
The latest report from French estate agents group FNAIM details how prices rose again in the second quarter of 2011 with houses sold by its members up by an average of 3.3 per cent over the previous quarter.
Prices grew particularly well outside Paris, up 4.3 per cent quarter on quarter.
However, Trevor Leggett, chief executive of Leggett Immobilier, issued a word of warning: "Further headlines of house price rises need to be treated with caution. We know that the average price of property sold in France by FNAIM members has increased by 6.8% overall this year but it's important that vendors’ expectation levels remain realistic.”
Leggett Immobilier is seeing an increase in enquiry levels from both local and international buyers, Leggett added, particularly at the top end of the market.
“Sensible pricing will mean that transaction levels remain consistent and both buyers and sellers will benefit,” he said.
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