PROPERTY prices in France rose by over 15 per cent in 2004, the largest rise in recent years.
According to figures from the French National Association of Estate Agents (FNAIM) house and apartment prices increased by 15.5 per cent.
This compares to 14.3 per cent in 2003 and 11.9 per cent in 2002.
Looking a little further back, in the past three years house prices have risen by 47.7 per cent.
If property sales are split by type, then prices for apartments have risen by 17.8 per cent in 2004, as opposed to 12.5 per cent for houses over the same period.
The number of transactions recorded by estate agents has actually fallen, with 606,000 in 2004, whereas in 2003 there were 618,700 and 627,100 in 2002.
Regionally the south west, Paris area and the Centre and Alpes regions have seen the steepest rises.
The table below shows the percentage price increase of property in the regions of France from 2003 and 2004.
REGION: 2003(%) 2004(%)
Ouest: 9,8 14,5
Ile-de-France: 14,4 17,8
Nord et Est: 7,6 11,6
Sud-Ouest: 19,8 16,6
Centre et Alpes: 16,7 15,9
Sud-Est: 15,3 12,3
France entière: 14,3 15,5
To visit the FNAIM website, please click here.
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