The fall in French house prices slowed in the last quarter, and estate agents forecast prices will stabilise over the remainder of 2009.
House prices in South West France have dropped by an average of 10% in the past year, but the countryside has faired worse than the towns and the coast.
Apartment prices in Paris fell by 4.2% in the second quarter of 2009, although there was a small increase in sales over the previous quarter.
Sales of new properties in France grew by 29% in the second quarter of 2009, and there was also a modest rise in prices.
The price of building land in France averaged €54m² in 2008, although there were substantial regional and more local variations.
The price of old farm properties in France fell by an average of 4.1% in 2008, although sales were down by nearly 20%.
French estate agents report that house prices rose in the second quarter, but even they do not believe it.
A major contraction in sales, but with prices falling more moderately, was the main message from the Paris notaires for the first quarter of 2009.
The present global financial crisis does not seem to be having a significant impact on the outlook of recent international buyers of French property.
With a continuing fall in house prices and interest rates in France, French estate agents are reporting some signs of recovery in the market.
The French government have published their annual figures for agricultural land prices in France.
A new report points to the contrasting nature of the housing market in different parts of France.
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