french housing market 2009

ACCORDING to new European housing market research carried out by the statistics agency Standard & Poor, French property prices will fall by a further 10% in 2009.

Compared to other European countries the drop in French house prices is considerably less but still surprising, say S&P, because of low household debt in France.

Between 1991 and 1997 the French housing market saw a drop of 40%, in line with some other European markets today.