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The volume of home sales in France close to pre-crisis levels

19.11.2010
Homesoverseas.ru editorial office
28
About 700,000 – 750,000 residential properties will be sold in France this year. This is the opinion of French notaries. This is still below pre-crisis levels, when annual sales exceeded 800,000, but significantly higher than last year's figures, when 600,000 housing units were sold.

According to notaries, the sales growth is largely due to a number of financial conditions, in particular, record low mortgage rates, progressive tax rates for investment projects, as well as an increase in capital gains tax since 2011, which forces owners to hurry up with the sale of the house.

Experts also believe that current housing prices in France look more realistic than before the crisis. "We see that home sellers are now evaluating their homes more realistically, realizing that in this case they will find a buyer much faster," believes Nick Pervot of the British Kerizac Property Services.

Based on the materials of the site www.french-property.com

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