Increase in property prices in France below the European Union average
French property prices have risen less than the European average over the past 15 years, according to the latest figures released by Notaires de France.
Statistics covering the period 2005-2020 show that the price of real estate in France has increased on average by 38%.
The average increase recorded for real estate in the EU over the same 15 years is 46%, according to data from Eurostat, the statistical office of the EU.
France seems to have followed the same general trend as the other EU countries between 2005 and 2015, a period during which there was only 2% separating France from the European average.
But the difference between France and the rest of the EU increases much more from 2015 to 2020. Over this five-year period, house prices in France have increased by 17%, while the EU average increased by 27%.
The development of real estate prices in the EU over the last 15 years has been generally characterized by four main phases: a sharp increase from 2006 to 2007, followed by a slowdown, then a decrease from 2008 to 2009. Prices then stagnated from 2010 to 2014 and have increased again since 2015.
Countries that experienced much higher or lower house price growth were less likely to follow this trend.
Elsewhere in Europe
Between 2005 and 2020, real estate prices in Sweden increased by 135%, while in Germany they increased by 66%.
In contrast, Spanish real estate has grown less than in France, with an average of 28% over 15 years.
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