Property market expected to cool after a record 2017

Bordeaux
Bordeaux was a 2017 property hotspot, as house prices rose 14.1%

Notaires expect the property market in France to stabilise this year, after a record 12 months of sales for older properties (those over five years old, referred to as ancien).

In the 12 months to January 2018, notaires signed off on 969,000 property transactions. A month later – the latest for which figures are available –  that year-on-year figure had dropped slightly to 965,000.

Both figures remain well above the 834,000 transactions recorded at the last peak in 2012 and are much higher than the low of 564,000 in 2009.

Notaires de France say the reasons for the increased volume of sales are well known – low mortgage rates, longer loan terms, targeted tax incentives, overall reasonable prices outside Paris and a larger stock of transferable properties.

However, ...

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