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Despite the fact that the French property market seems to have lost its buoyancy (see previous news flashes), figures distributed at Montpellier’s Salon de l’Immoblilier property show this month show that growth is predicted over the next six months (April-September 2008) for selected spots within the Languedoc region.
The Guide Foncia des Prix is produced by Foncia, a major player in the French property sales, rentals and management market. With over 500 offices in more than 300 French cities, their sales portfolio of 12,000 properties and an annual sales figure of around 10,000 transactions, not forgetting some 50,000 rental contracts signed each year means they know a thing or two about French property sales and rentals.
So when they release their predictions for the next six months for house prices in around 1,000 areas of France, it’s worth listening up.
The French property market is on the slide: in March 2008, the overall growth figure year-on-year for the market was at a lowly 3 per cent, compared to the dizzy heights of 14.3 and 15.4 per cent in 2003 and 2004, for example.
Interestingly, there are some parts of Languedoc-Roussillon where Foncia predicts growth. What makes this all the more impressive is that of the 70-plus provincial towns covered in the Foncia guide, there are barely a handful slated to show growth in house price value.
Under each town heading, specific neighbourhoods are selected; we give you here the Languedoc towns and areas where property was flagged up by Foncia as likely to increase in value, be it in rental rates or sales figures.
AGDE (34)
Mont Saint-Loup
Grau d’Agde
Le Cap d’Agde – Malfato
BEZIERS (34)
Fleur et Peintre
CARCASSONNE (11)
Domairon
Grazailles
Plateau Paul Lacombe
MONTPELLIER (34)
Boutonnet-Beaux Arts
Ecusson
Hopitaux-Facultés
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