French Property still popular as prices rise

Mar 19, 2005

Abbey National France reported a rise of 17% in mortgage applications for 2004 compared with the previous year. British buyers represent 40% of all international buyers, double the number in 2000. New build properties are proving particularly popular with an increase of 143% in the last 3 years - hotspots being the Riviera and French Alps.

Property prices in France are still surging with impressive double-figure growth for Paris. Price per sqm for the 'Haussmanian-style' buildings in Paris increased by 11.7% for apartments and 15.8% for houses between June 2003 and June 2004. Almost 10% of all properties sold during the first 3 months of 2004 were purchased by overseas buyers.

© Copyright 2005 Sunshine Estates