subject: French Property Index Update [print this page] The rural property index includes all the 12,934 properties currently on the website; the large majority is composed of resale properties which have already been on the market, have been lived in, are habitable, ready to move in to or requiring full renovation. The remaining part is composed of the New Build properties.The index has now been updated and shows the evolution over 10 months, from October 2009 to August 2010. The information can be put together in a chart, showing the average price trends in France.
In August 2010, the average price over 12 regions is 312,543 which is 0.40% lower than last month, but which represents a 13.69% increase over the last 10 months. The index also gives a regional outlook, with the average price in the 12 most popular regions in France. The regions of Aquitaine, Centre, Midi-Pyrenees, Nord Pas-de-Calais and Normandy have all seen a rise in their prices.
In Aquitaine, they have risen by 5.27% since last October, with an average of 358,892. In Centre, they have reached an average of 226,390, a rise of 23.31% in the last 10 months. In Midi-Pyrenees, prices have risen by 32%, to reach the average of 428,554. The region Nord Pas-de-Calais has the second lowest average of 222,323, although it has increased by 2.68%. The average price in Normandy has increased by 14.87%, compared with last October, with an average of 342,718.
Bourgogne and Pays-de-la-Loire's average prices have respectively decreased by 15.16 and 9.92%, reaching down to 241,509 and 227,414. In Brittany, prices have risen by 6.32% these past 10 months, to reach an average of 209,008.
The region of Languedoc, one of the sunniest areas in France (300 days/year), has an average price of 336,296, which represents a 2.83% increase in comparison with October 2009. With prices 7.55% lower in August than in the previous October, the region of Limousin appears as a good place to invest, with an average price of 197,864.
Poitou-Charentes is also a safe bet, with an average price of 230,369 and a 6.11% decrease since last October. The region of Provence-Cote d'Azur boasts the most beautiful properties in France. With an average price of 856,543, which represents a 33% increase in these last 10 months, this area attracts investors from all over the world.
French Property Index Update
By: Matthieu Cany
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