How is the French housing market?

Overall, the price of non-new build houses in France (not including overseas territories) has increased almost everywhere in the past year. More specifically, prices increased the most in Angers, rising 19.3% in the third quarter of 2021 compared to 2020. The median house price there is now €300,000.

Table of Contents

Is the French property market buoyant?

France’s housing market still buoyant despite pandemic. France’s housing market remains strong, with the highest price rises in a decade.

Are houses selling well in France?

As since the start of 2021, the rise in house prices (+9.4% over the year in the third quarter) is stronger than that of apartments (+7.5). In Greater Paris, the prices of older properties are also on the rise with +4% between the third quarter of 2020 and the third quarter of 2021.

Will house prices drop in 2022 France?

House prices in France are forecast to grow by 3.5% during 2022. The latest statistics show that property prices in France rose by an average of +5.9% during 2021 (+5.0% for apartments and +6.8% for houses).

Why are French chateaus so cheap?

Why these properties are so seemingly cheap is obvious to the French: The castles are a money-suck. They demand constant repairs. The lower-priced ones are often located in isolated areas, far from the nearest train station or grocery store.

Is buying a house in France a good idea?

The French property market has proved to be remarkably resilient to the Covid-19 health crisis, with property prices forecast to continue rising by +3.5% during 2022. High rental yields – taking advantage of the unique high rental yields in the South of France, your investment will pay off within 15 years.

What property taxes do you pay in France?

This is paid by the owner of the property at 1st January. It is divided into two parts: tax on the building based on 50% of the notional rental value and tax on the land based on 20% of the rental value, and multiplied by the tax rate fixed in the locality. With both taxes there can be exceptions and deductions.

Can you buy abandoned houses in France?

No. Local authorities may only acquire property when the owner has been dead for at least 30 years.

Why are so many homes abandoned in France?

Indeed, one of the reasons why there are so many vacant homes in France is because of French inheritance laws that divide an estate between the heirs, and a family feud between them prevents any early resolution. It may also be difficult (impossible) to trace one or more of the owners.