French property prices still increasing – a good time to buy!

Good news for the French property market – prices are increasing! After all the doom and gloom of the UK, it is a delight to read that the French property market is making such a rapid recovery with prices increasing steadily now for the last 9 months.

According to the popular private sales website www.pap.fr, prices in France’s 8 most popular agglomerations (Paris & surrounding area ; Marseille-Aix-en-Provence ; Lyon ; Lille ; Nice-Côte d’Azur ; Toulouse ; Bordeaux and Nantes) prices continued to rise in July for the 9th consecutive month.

Since January 2010, there has been an increase in apartment prices of 4.57% and in house prices of 8.61%.

However, statistics show that the difference between the marketed price and the agreed sale price is in decline, with new owners paying on average 5.42% less for apartments and 7.47% less for houses.

There are still plenty of bargains to be had in France and with mortgage rates at their lowest now would be a good time to look at purchasing!