French Property Market Survey January 2016
The French Property Market Survey January 2016 is essential reading if you are thinking of buying or selling French property in 2016.
Crédit Foncier has just published the results of the January survey of French property professionals (real estate agents, home builders, developers) with their predictions for the French property market over next twelve months.
This survey is published three times a year in January, May, September and encompasses data from a representative sample of 400 property professionals.
The French property market survey is organised into three parts.
- Retrospective: How property professionals judge the French property market performed over the last 4-month period (September to December 2015).
- Prospective: How property professionals expect property prices and liquidity to move in the next 4-month period (January to April 2016).
- Sentiment: How do property professionals feel about the health of the French property market for the coming year.
Key French Property Market Insights
The housing market has stabilised or improved over the last 12 months.
Nearly three-quarters of professionals believe that the housing market has stabilised (44%) or improved (27%) over the last four months of 2015.
For the next twelve months, real estate professionals expect stable prices for existing property and new build.
61% of respondents expect a price stabilisation for new buildings.
44% expect transaction volume of new build will stabilise.
45% of respondents expect a price stabilisation for existing property.
53% expect transaction volume of existing property will stabilise.
67% are optimistic about the future of the housing market, up from 59% in May and 63% in September.
32% are pessimistic, down from 64% in January 2015.
91% expect the French economy to weaken in 2016.
82% expect French household income to weaken in 2016.