A market up date on the property scene in Brittany

Details and information from the French Notaires

We will start in the first quater of 2008 where property prices started to fall for resale properties, New builds were not affected at this point. This continued into 2009 with a percentage drop of between 7% and 13% depending on department.

Prices fell in coastal regions more than inland properties.

North Finistere exceeding a 20% drop.

Cotes-d'Armor,the Granite rose coast lost value of 16.5%.

The Gulf of Morbihan and Quiberon lost value of 13.90%

Graft picture The telegramme carhaix 28/1/10.

In the last quater of 2009 has seen increase in sales in Brittany as a whole as the market price has bottomed out. This has led to The French and overseas buyers reentering the property market in Brittany, as property is now well priced. 

The pound is also helping the recovery in 2010 as it is trading at approx 1.19(02/08/10).Making property even cheaper in real turns on currency transfers.

Information from several sources in Brittany.

The Telegramme and the quest de France and local news stations.

It is now possible to get a good property for under 175,000 Euros plus fees in central Brittany.

A renovation project for under 50,000Euros.

The summer has seen prices level out in the center of Brittany. Coastel properties have dropped back a little. The out look is improving for property hunters all the time.