How to estimate the value of French property

A COMMON problem that overseas property buyers have when searching for property in France is the lack of knowledge of house prices and market trends locally.

In their own environment, most people would be able to reasonably assess the value of  property in their area.

However, accurately estimating the value of French property presents a formidable challenge.

This lack of knowledge of the French housing market causes some buyers to feel vulnerable.

They have a greater dependance on the estate agent to give them accurate and honest information about the housing market than they would normally like.

Well, that may no longer be the case thanks to a very useful new tool we discovered on a French website that calculates the price per square metre of a property on a monthly basis for every region in France.

How it works

Data from over a million online adverts for properties for sale in France is run against a very clever  algotithm that works out the price per square metre for a particular region based on the transaction type, property type and post code.

There are several other references the algorithm uses based on external economic factors and market trends to arrive at the value of property in a particualar area.

These are then weighted between two date intervals to give a final figure for the current month.

Click here to see the current maps of prices per square metre for the whole of France. From there, you can choose specific regions to get more detailed information.