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11-08-08 - The resale market: an increasingly diverse and active market
After the significant fall seen in late 2008 and in the first half of 2009, the sales volume for resale properties in France as a whole has risen steadily since and reached 806,000 between April 2010 and March 2011.
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Appointed by the State Minister of Justice, the civil law notary is responsible for the legality of official documents. He can enforce the deeds he draws up and play the role of an arbitrator who, impartially, and under strict observance of the law, enables the parties to reach a mutually acceptable agreement.
Informations on buyers II
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FRENCH PROPERTY : INFORMATIONS ON BUYERS
II. Lowering of the age of buyers
Paradoxically, the surge in property prices over these last ten years corresponds globally to a significant increase in the share represented by buyers under 40 years of age.
Regarding the purchase of apartments, their share increased from 37% in 1997 to 47% in 2007. On the other hand, regarding the purchase of houses, their share has dropped in 10 years from 49% to 46%.
On this subject, once again, the Loire river is a real boundary: young buyers are more numerous in the North than in the South.
The study presented last year by the notaries of France provides an objective explanation in this regard: sun-seeking buyers. The comparison of northern départements, on the one hand, and southern départements, on the other hand, shows that a great number of investors, when they age, wish to move south and to its good weather.