New Index in France to increase the rents

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FRANCE / NEW INDEX TO INCREASE THE RENTS

A new Index reference will replace the ICC (Indice du Coût de la Construction) to calculate the increase of the rents in France.

This new Index is made of 60% Index for comsumption prices, 20% Index for the Cost of Construction and 20% Index for prices of Improvements of properties.

This new Index will be applicable from 1st january 2006 and should increase less than the former Index ICC: as an example the new Index increased by 2.64% for the second trimester 2005 (on a yearly period) vs 2004 compared to th ICC 3.63% for the same period.

Bertrand Le Mire | Date Published : 2006-01-02 09:33:00 | Last modification time : 2006-01-06 00:47:30

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