Many experts are expecting French real estate prices to go down by 3 to 5% by the end of 2008.

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French real estate down for 2008

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ChapterFrench property news

French real estate down for 2008

Consequence of the rise in borrowing rates (+0.25% between January and June 2007, +0.60 between June and October of the same year) and the strict application of conditions for obtaining a real estate loan, the French real estate market seems to be landing gently.
It’s true that over the past few years, real estate prices had reached record highs :

  • 14.3% in 2003
  • 15.4% in 2005
  • 10.4% in 2005
  • 7.1% in 2006
  • 3.8% in 2007

The slowdown recorded in 2007 seems to be confirming itself. Though prices remain high, they are no longer overvalued.

Updated on: 17/06/2008

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French real estate prices down

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