Words: Ashley Rigg
Published: 18th September 2009
France: Positive market signals
Activity in the French property market appears to be picking up according agent network Sextant Property and mortgage specialists Athena Mortgages.
Despite agency body FNAIM reporting a 1.2% price fall in August, Sextant Property saw enquiry levels rise 30% on July, with sales rising 15% month-on-month.
French property mortgage specialists, Athena Mortgages also report a rise in activity with an 18% increase in enquiries and 9% rise in applications.
John Luke Busby, director of Athena Mortgages says “there’s a feeling among prospective buyers of French property that we’re now in the bottom of the trough and that if they don’t make the move soon, they will lose out on some of the most competitive prices to be had in a long, long time. This is reflected in the growing number of estate agent enquiries and mortgage applications.”
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An examination of statistics from Notaires shows that it is French buyers who are set to lead the property market recovery, although 50% of current foreign buyers are still British.
Fabien Cordiez
http://www.solicitor.fr
Fabien Cordiez,
FJC French Property Solicitors