Paris property leads the French revival

Parisian real estate prices have performed so well this past year that several buyers are competing for the remaining stock as supply levels fall and this is helping to push prices even higher in the French capital.

A new rule comes into force at the start of January requiring all homeowners to organise an energy report before a property is put up for sale but it appears the message has not been hammered home and experts fear this could reduce further limited supplies while lifting prices higher still.

Overseas buyers continue to figure highly among the buyers around Paris with investors from Italy and China in particular.

While Paris has seen the highest price increases asking prices around the rest of the French property market are beginning to creep upwards and with low cost mortgages on offer the real estate industry is expecting further growth through 2011.