Rise in french property prices in regions favoured by overseas buyers

Despite the well publicised stock market instabilities and eurozone debt crisis property prices in France are rising, especially in regions favoured by overseas buyers.

Data for the past 12 months from French Notaires, shows that prices increased in Paris, the Cote D’Azur and Bordeaux regions. The rise was strongest in Paris, which recorded a 23% increase in prices and a 2% increase in the volumes of sales.

In the Bordeaux area prices rose by a more modest 3.5%. Activity in Provence and the Cote D’Azur was also encouraging, with a 6% rise over the past 12 months.

Data produced by mortgage bank BNP Paribas showed a stronger growth in sales, with volumes rising over 20% across France as a whole, and prices growing by between 4% and 8% on average.

Source: PropertyWire.com