French Property Market showing signs of recovery.

From one of our sources: The property market in France is showing signs of recovering well with prices in key cities up across the country and demand growing but elections ahead could slow down the upturn. The latest data shows that prices in Paris increased by 1.2% month on month in February and by 2.3% in Bordeaux while in Lyon they were up 5.4% year on year. The figures from one estate agent also show annual price growth of 2% in Marseille, Montpellier and Toulouse and a rise of 1% in Strasbourg, Lille and Nice. Indeed, in Bordeaux and Lyon prices are now close to their previous peak. The rise in prices is not across the board, with rural areas not seeing the current rise in values. Only good quality properties in urban areas that are close to transport, schools and shops are sought after. The upward momentum is not yet seen in rural areas or in the second homes market.

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