Real Estate: Housing starts rise but sales fall

The new home sales fell 13% in the third quarter. At the same time, housing starts and building permits have increased. An employee on a construction site offices and accommodation in Marseille.

The new home sales fell 12.9% in France over one year in the third quarter, according to the Ministry of Housing, which reported Tuesday alongside a 11.4% increase in housing starts and 22, 6% of building permits between August and October 2011. A total of 26,400 new homes were sold by developers in the third quarter of this year, a decrease of 12.9% over the same period in 2010, according to figures released by the Ministry.

Over the last four quarters (4th quarter 2010 to third quarter 2011), sales totaled 101,300, a decrease of 10.7% over the same period a year earlier.

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