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While in 2006, house and flat prices had a respective growth of 10% and 12.2%, last year, the growth of the property prices was 5.7% for flats and 5.7% for houses, according to French notaries.
They also confirm the growth will remain. The slowing down of growth won’t affect all areas as Nice is still expecting a growth of 9%, and Saint Etienne 13%.
However, the slowing down will affect house prices as all province areas above 150 000 people can’t expect a growth higher than 10%. Notaries say “prices will generally still grow higher than the inflation; this is particularly right on sought after markets”. Nevertheless, Prices growth will stop in some no-dynamic areas.
Veronique Kouznetsov | Date Published : 2008-02-07 16:35:25
