Peaks and troughs for rural property prices in France
Sextant French Properties’ aim is to help people find the perfect property for their needs, either for a holiday home or for a permanent move. In order to guide its customers during their search for a new home, Sextant French Properties regularly updates its French Rural Property index. Its goal is to aid potential buyers from the UK to get a better understanding of the French rural market trends and to give detailed information about each region in France.
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.
For more information about buying in France, visit: sextantproperties.com