Graham Downie, who runs Cognac Property in western France, told the newspaper that ‘interest from international buyers dropped substantially at the end of 2008 but transaction numbers are rising once more’.
Recent figures from the Fédération National de l'immobilier (FNAIM), the French estate agents' body, found that the average price of all homes rose 6 per cent in 2010 and property purchases exceeded 700,000 – a 15 per cent rise on 2009.
FNAIM president René Pallincourt said: “Prices, after having fallen quite significantly – approximately 10 per cent if we look at the end of 2009 – have regained a certain strength.”
The Guardian reports that ‘the average price of a home in Burgundy is now €148,400 (£129,000), while in Languedoc the figure is €208,800 (£182,000) rising to €384,200 (£334,000) in Provence.
‘The federation and lenders, such as Credit Agricole, predict rises of about 3 per cent this year, with larger increases in cities.’
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