Real estate: prices rose in November, according to FNAIM

The price of the older building rose 1% in November, according to FNAIM. The increase is strongest for flats (1.4%) than for houses (0.5).

According to estate agents, stabilizing prices in the former is confirmed. During the month of November 2009, the house prices have recorded a further increase of 1%, more marked on the apartment market (+1.4%) than on houses (0.5%) by the national federation of real estate (FNAIM). "After a slight increase of 0.6% in October, the movement of price stabilization is confirmed in the short term (0.4% over the last three months)," said the federation.
A neighbor down -5% in 2009

The end of the year is projected by the FNAIM be "marked by a resistance price decline. In one year, the latter amounted to -6.2% and is expected to stabilize at 5% for the full year 2009 in the absence of price pressures in December.

"The year 2009 is expected to record a total average decrease in prices compared to 2008 about 5%, indicating the Fnaim last month, while the previously estimated between 7% and 8%, after speaking of an 10% drop earlier this year. The price decline for 2009, lower than expected due to a movement to stabilize prices in the short term "by Fnaim, is the second in a row after that of 2008 (-3.1% compared to 2007).