French property prices remain stable

Property prices in France have remained stable during the third quarter of 2010, according to the latest index published for the country.

However, individuals looking at Provence-Alpes-Cote d'Azur property for sale or Aquitaine real estate listings may be interested to learn that the figures show that prices in both regions increased.

Statistics from FNAIM, the national association of French estate agents, show that the majority of regions in France have been able to survive the worst of the downturn.

Indeed, the outlook for real estate in the country remains positive, with sales activity expected to rise and transaction levels predicted to exceed 700,000 this year.

FNAIM is also forecasting price increases of between two and three per cent by the end of 2010.

One of the main reasons for the improved predictions is the fall in mortgage interest rates, which are at their lowest for over 50 years.

In addition, the prospective end to mortgage tax relief and a reduction in tax breaks for investment properties, effective from 1st January 2011, are also helping buyers and sellers.

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