Thursday, February 26, 2015

Real estate: the price of existing homes fell 2.2% in 2014 – Les Echos

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This is good news for future owners and poorer for those wishing to sell a property. According to the index Notaires-INSEE released Thursday morning the price of existing homes in France fell 2.2% in the fourth quarter of 2014 over a year.

The decline was almost same for the apartments, the price fell by 2.3% over the last three months of last year, compared to the same period in 2013, and home (-2.1%), according to these provisional data.

In detail, INSEE and notaries note that the price decline is more pronounced in the provinces than in Ile-de-France. In the province in fact the decline was 1.1% in the last quarter of 2014 and 2.3% throughout the year.

At the same time, in the Ile-de-France, falling prices for existing homes continued in the fourth quarter “almost at the same rate as the previous quarter,” said INSEE. A decrease of 0.5% over three months and 2.0% over one year.

Similarly, the number of transactions declined in 2014. INSEE and notaries have indeed recognized around 700,000 last year, against 717,000 in 2013.


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