Real Estate prices in France - pt3 : volumes up, but prices fall

I just thought it's been a while since the last time I checked how real estate was doing in Paris. So here are the latest available figures for Paris and the surrounding neighboorhoods.

The conclusion as of end of December 2009 is that volumes are picking up (probably bargain hunters) but prices are nonetheless still declining. I'm curious to see prices for end of Feb...

Prices peaked in Q4 2008 (about a year after prices started falling in the US) probably because of the it's not going to happen here syndrome.

And currently, they are barely down in Q4 2009 by 10% since the peak, reflecting some sort of denial not really unknown to the Canadians, British or Australians.

Here are the previous posts:

• 2009-10-30  Real Estate prices in France - pt2
• 2009-09-11  Real estate in France