Decline in real estate in France : -4,4%

Since September, prices in the former rallied 3% on average, according to figures from the branch network Laforet Immobilier (780 outlets in France).

However, this is not sufficient to curb the phenomenon of falling prices seen during 2009. Laforet expects an average decline of around 4.4% on the whole France and a 20% fall in sales compared to 2008 with only 480 000 transactions.

In detail, these are large areas that are most affected by the crisis with prices dropping by 9.9%. They are followed by the studios (-6.9%) and by two and four parts (-6.8%). These are the three pieces that come off best with a decline of 5.2%.

According to real estate network, the year 2010 will probably not see a strong improvement of the situation in terms of volume sales (the figure of 520 000 will probably not be exceeded) and prices will remain stable. It was not until 2011 or 2012, for the economy to find an acceptable growth rate and therefore the housing market also return to normal.