Properties in France have recorded their fifth consecutive quarter of price rises, the latest data published by FNIAM shows.
According to Property Wire, the organisation - which represents more than 1,700 estate agents in the country - recorded a 3.3 per cent quarterly increase in real estate values.
This year alone, average prices have jumped by 6.8 per cent so far, the news provider noted.
However, FNIAM is predicting that the market will stabilise by the end of 2011, adding that house values could even decline before the year is out.
Chief executive of Leggett Immobilier Trevor Leggett told the publication that it is important that both buyers and sellers remain realistic about French house prices, stating "sensible pricing will mean that transaction levels remain consistent and both buyers and sellers will benefit".
Meanwhile, RFI reported yesterday (September 8th) that property values in Paris have risen by 22.5 per cent in the last year, making this the biggest hike the real estate sector in the region has seen in two decades. (Propertyshowrooms)
