Sales in the French residential property market increased by 3.4% year-on-year in the last quarter of 2014, though they were down by 4% in the whole of 2014. At the same time, the number of properties coming for sale on the market dropped 13%.
However, sales to private investors grew in the first quarter of 2015, up 59% compared to the previous quarter.
Developers in France to change their levels of supply. The number of new build property expected over the next few years will remain low and the number of building permits fell in 2014 by 14%. But prices for new homes were up 0.7% in Q1 2015 over the same period the year before.
France’s National Institute of Statistics and Economic Studies (INSEE) has published data showing a 2.2% year-on-year fall in prices across France last year, with falls stronger at the end of the year than at the beginning. As ever, there were diverse regional differences.