Real Estate : The housing market is still suffering

In October, prices for apartments has strengthened and the houses has shown a slightly downward. In the current crisis, the housing market is more penalized than apartments, according to PAP.

Powered by both home buyers and investors wishing to make an investment rental, the apartment market regains some old insurance. In late October, the index PAP (owners) of the former apartment market recorded a monthly increase of 1.03%. But about a year he was down 2.34%. In this sector, the rate of decline on the accepted sale price amounts to 6.33% and the average time transaction amounted to thirteen weeks.

Also at the end of October, the index PAP houses displays with a monthly drop of 0.26% and a decrease of 5.92% over one year. In this sector, the rate of trading (price decrease obtained) stood at 7.79% and the average time transaction amounted to sixteen weeks.

Recognizing the changing market as a whole, these indices were calculated based on 11,433 transactions recorded in the first eight French cities: Paris, Marseille, Aix-en-Provence, Lyon, Lille, Nice, Toulouse , Bordeaux and Nantes.

On the side, the positive side, note the level of lending rates, which is the lowest in nearly three years, and the attractive prices of apartments. Compared to end 2007, these properties show a decline of over 6%. "These market conditions attract new buyers looking for opportunities and solvabilisent some candidates for homeownership" says one in PAP. But the increase rate negotiation and longer delays in transaction continue to penalize the property market.