French house prices rebound!
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House prices in France rose 3.9% q-o-q in Q2 2009, after several quarters of price falls, according to the National Association of Real Estate Agents in France (FNAIM). France’s economic recovery has surprised market players and government officials, and is attributable to a fiscal boost, and to automatic stabilisers such as welfare support. When adjusted for inflation, the average house price rose by 2.97% over the same period. These quarterly price increases are the highest since Q2 2004.
Compared to a year earlier, average price of all dwellings was 6.6% down in nominal terms, and 6.4% down in real terms.
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