French housing market weak, economy stagnant
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France's housing market remains weak, with the economy hardly moving and unemployment at a record high. But in Paris transaction volumes are rising.
In Metropolitan France, house prices fell by 1.64% during the year to end-Q3 2013, its sixth consecutive quarter of year-on-year declines, according to the National Institute for Statistical and Economic Studies (INSEE). When adjusted for inflation, house prices actually dropped by 2.57% over the same period. On a quarterly basis, house prices in Metropolitan France increased 1.12% (1.03% inflation-adjusted) in Q3 2013.
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