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Provence Residential Insight

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Provence Residential Insight

In my view prices fell on average by around 5% in 2011, due to the fragile global economy rather than any noticeable softening of demand or surge in supply.

Home to two Natural Parks, the region of Provence is subject to strict planning controls which make new developments a rarity, constraining supply and protecting prices.

Enquiries in the first quarter of 2012 are above the 2011 average. Enquiries from non-eurozone applicants have increased the most, due in part to the strong dollar.

In my view the €3-€5m price bracket saw the strongest level of interest from committed buyers in 2011.

Source : Knight Frank

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