french property prices

MORE of the same old story today from France 24, the French based international news TV channel.

House prices in France "are easing" or "stagnating" according to their report while some other european countries are seeing brutal drops.

ANALYSTS have readjusted their forecasts downwards for house prices in France for 2008.

Empruntis, the insurance brokers, originally predicted a drop of three percent for the year. This is now more likely to be four percent.

Prices are expected to fall by between four and six percent in 2009. A drop of around 10% is expected between now and the end of 2010.

There are two main reasons for the revision of their forecasts.

PROPERTY prices in France as a whole were found to experience slight corrections here and there but overall the housing market remain stable.

And there are no signs on that horizon that this situation will change, according to seloger.com in the latest edition of its monthly price barometer.

French property prices were found to have slowed in areas that had seen increases and were even seen to increase in places where prices has stalled.

POSITIVE employment figures will undoubtedly continue to keep French property prices stable.

The French unemployment rate has fallen in the first quarter of 2008 to 7.2%, its lowest since 1983.

New figures out today indicate that the rate fell from 7.5% in the last quarter of 2007. In comparison, the number of unemployed was 8.4% in the first three months of 2007.