French property prices rose by 1% in 2020 despite lockdown
House prices rose sharply in June after the lockdown.
For the country as a whole, prices rose 0.4% over the month, bringing the rise since January 1 to 1%, and over the last 10 years to 6.7%. During the coronavirus lockdown period, there were fears that people would cancel their plans to move but the evidence shows that was not the case.
The figures are from the Meilleurs Agents/Les Echos index, seen as one of the most reliable guides to the property market in France. Meilleurs Agents spokesman Thomas Lefebvre said: “There were many people waiting to move who did so as soon as they could.”
City and rural property prices
As usual, there was a sharp difference between various property types and locations. Paris led the pack, with a 0.4% increase in the month, a 3.1% rise since January, and 45.5% increase over 10 years. Average prices in Paris are now €10,586/m². The 10 largest cities also saw a 0.4% rise in June, but on average show a more moderate 1.7% rise since January and a 25.3% rise over 10 years.
Among them, Bordeaux has the highest prices at €4,373/m², while Strasbourg has the lowest at €2,958/m². For the 50 largest cities, the June rise was 0.4%, the rise since January 1.4%, and the 10-year rise 9.4%. Rural properties saw a 0.3% rise in June and a 0.4% rise since January but a fall of 6.7% over the last 10 years.
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