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French property prices 'rise 3.3%'

5th September 2011 | back to article listings BACK    print this article PRINT

French property prices have gone up for the fifth quarter in a row, the latest research from FNAIM shows.

The organisation's members have witnessed a 3.3% increase in prices on average, with rural parts of the country benefiting from growth of more than 4%.

Investors may be turning their attentions to the French property market as a result of tax changes in the country which will see the ISF threshold rise to 1.3 million euros from its current level of 800,000 euros.

Trevor Leggett, chief executive of estate agent firm Leggett Immobilier, responded cautiously to the latest figures from FNAIM.

He stated: "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.

"Sensible pricing will mean that transaction levels remain consistent."

Copyright Press Association 2011

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