With just over 26,900 new homes sold, the third quarter of 2009 should give a little smile on their promoters. The new home sales have indeed increased by 65.2% compared to the end of 2008 days for the sector. In one year, the average time for disposal of real property increased from 18 months to 8 months for the group and 18 months over 10 months for houses. In the second quarter, sales were already up 29.6% over one year after a decline of 5% in the first quarter.
However the number of starts of new homes continued to decline by 18.1% over the period August-October over the same period of 2008, the ministry said. The number of building permits granted for new housing also appears to decrease (-17.2%) over the period from August to October over the same period of 2008. Over the period from May to July, the decline was 29.6% a year.
Price later, a new home sells on average 241,900 euros, a figure lower than 4.4% in the third quarter 2008. The decline affects all sizes of homes – excluding houses fewer than four parts whose price is higher than the third quarter 2008 (+2.4%). For new apartments, the average price per square meter record in the third quarter of 2009 reached 3382 euro, less than 1.2% from the third quarter 2008 (EUR 3 423).
"The sales increase is a good sign"
Nevertheless, the Secretary of State for Housing Benoist Appearing sees soaring sales in a year "a good sign." "The demand increases, buyers found a solvent and the sites will be able to restart," he told AFP.However, although sales picked up, the number of new homes sold by developers in the third quarter was down 9.6% on year to 19,300. According to the FPC, the government measures that have stimulated investment rental must be extended to allow real sector recovery. "The doubling of interest-free loan for six months will only exacerbate the imbalance between investment and rental assumption, sorry Marc Pigeon, president of the Federation of Property Developers.
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