French Housing Stabilizes in Q2

France’s falling house prices showed signs of stabilizing in the second quarter after the government “found a certain sense of reality”, says one estate agent. However, in the capital Paris, real estate continues to drop.

In the second quarter and for the first time in a year, French real estate prices have stopped their quarter-on-quarter decline, growing 0.0 percent, according to the latest INSEE figures released Thursday. However, on a yearly basis, prices dropped 1.2 percent, following a 1.9 percent fall in the previous quarter.

Prices in the French provinces grew slightly, 0.2 percent, but the Ile-de-France region – in which Paris sits – registered a 0.5 percent fall on the quarter, bringing prices 2.0 percent lower on the year.

A stabilization in the capital still seems way off as according to French online estate agent, the price drop accelerated in the summer.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza