Monday, June 18, 2012

France has the highest property prices

In a study of more than a dozen European countries, consultants Deloitte confirm that Frances is one of Europe's most expensive countries in which to buy or rent property. In Paris in particular, prices often exceed 8000 euros per square metre, double that in some other European capitals. France's has also witnessed some of the highest property price rises - averaging over 6% - compare with the rest of Europe. However, despite increasingly attractive interest rates at just under 4%, the French are also among the lowest indebted in Europe - about half the British average.

As always, it should be borne in mind that there are enormous variations in property prices across France, where in some areas the average price per square metre is below 2000 euros.

It was former President Sarkozy who observed earlier this year that France is the only country in the world where property prices rise during a crisis!

Source: LeParisien 12 June 2012