La Vie Nouvelle
The New Life 27/2/12
Chambery and Savoie
La Savoie attire les Francais et les etrangers
The Savoie attracts the French and the foreigners
The figures are collected to evaluate 'the property market' using sales and property transactions.
These stats are the stats that INSEE use says Michel Carmoz president of the Notarys of Savoie.
The study made in 2011 shows a massive increase in the price of property.
Over the last 10 years the price of flats have increased by 107,5% in the Savoie (113% in France)
A fall -0,9% in the Savoie for 2011.
The same for houses +100% In the Savoie (+90.5% average national)
In this context the banks have an important role to play they must continue to lend!
Average prices per m2 for old property 2,909 euros (+1,1%)
+3% in Chambery at 2,115 euros.
In the ski-stations we sell studios.
In Chambery we sell 4 room flats.
For the first time the notarys are interested in the origins of the buyers.
77% of land bought is bought by the locals.
70% of houses again bought by the locals.
"We have noticed a fall in the number of foreign buyers in the Savoie especially the British .
Although there are more Belgians.
This fall was first noticed in 2007 at the start of the 'economic crisis'.
IMHO They do not give out the number of sales or prices as usual just percentages
At least they are coming out with "we are selling"
They are public servants paid on average 23,000 euros a month!