French property prices are going up but experts differ on the reason why property in France has become more expensive. The French Institute for Statistics says the price rise is down to the lack of accommodation and not down to speculation. On Tuesday the general manager of the INSEE, Jean-Philippe Cotis explained that the surge in housing prices in France over the last few years seems predominantly linked to the lack of volume rather than to financial speculation, unlike the situation in UK or Spain. In France the drop in property price has been limited (-7% in 2009) and prices quickly went up again (+6.3% in 2010). In addition the volume of transactions are practically back to its level pre- financial crisis level.
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