+ Property: stable prices but negotiated by PAP
Purchasers of real estate negotiating increasingly prices, according to the latest study published by the group owners, but January registered a slight higher prices, while buyers are negotiating more bids. In prices, the index PAP Estate has hardly progressed in January: + 0.83% for apartments and + 0.66% for houses. Year over year, the trend is still stability (+ 1.68% for apartments and + 0.36% for houses). "The context gloomy international real estate - real estate crisis in the United States, Spain, United Kingdom - does not seem, for now, have a significant impact on French property prices," says the study.
- Rising inventories of new homes
Over the year 2007, sales of new homes reached a level "not seen since 1985" to 127 400 units, according to latest figures published by the Department of Ecology, Development and Planning sustainable. A performance which, however, masks a near stagnation of sales: sales growth was limited to 0.9% last year, well below increases of 20.8% recorded in 2002-2003 and 4% in 2005 -2006. Similarly, the number of building permits has fallen sharply (- 19.1% between November and January), and housing starts decline (- 7.1%).
The Ministry indicates that the stock of available housing for sale continues to increase, to 102,600 homes, "a figure that was never reached, and the flow times longer. 2008 promises to be difficult, especially since the end of 2007 figures shows a drop of 12, 4% of new home sales compared to 2006.
Finally: falling property prices in Europe as seen by the Telegraph here
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