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Real Estate Briefing - Categorized | Finance, Market Moves more

French property market under real pressure

Posted on 06 December 2012

Property prices in France have fallen by an average of 1.3% in the last year with sales also falling and fewer new homes being built, according to the country’s leading estate agent association.
The latest figures from government also show that the number of new build property sales in France fell nearly 25% in the third quarter of 2012, there was also a fall of 21% in the number of house building starts and a 6.9% fall in building permits for the same quarter. Industry association, the Fédération des Promoteurs Immobiliers, said that its members report a 30% fall in the number of new build sales………………………………………..Full Article: Source

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