Abstract

The housing market in France : recent developments and prospects House prices in France have been moving up strongly since 1997. The paper begins by giving some empirical evidence about this increase, comparing the current situation in France with those in other countries. It then examines the causes and consequences of this upward cycle. However, one can expect that this expansion in house prices is at its end. The paper suggests that a soft landing is more likely than a crash of a speculative bubble. Classification JEL : G21, R21, R31

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