The financial crisis wreaked havoc in many areas but the finance and real estate are at the forefront. Result, in France where the real estate market resisted rather well house prices are falling.
A falling house prices confirmed by the figures of FNAIM. In October, the agency noted a general decline with -1.2%: -0.8% to -1.6% for apartments and houses. Long ago that prices in France had not experienced such a decline.
Unfortunately the housing bubble is not yet ready to plug its leaks. Buyers have many understood and subject to the law after several years of vendors, it is they who are now in the final negotiation. The decline seems to be sustainable as far as 2009 is already announced as a sharp drop.
A falling house prices confirmed by the figures of FNAIM. In October, the agency noted a general decline with -1.2%: -0.8% to -1.6% for apartments and houses. Long ago that prices in France had not experienced such a decline.
Unfortunately the housing bubble is not yet ready to plug its leaks. Buyers have many understood and subject to the law after several years of vendors, it is they who are now in the final negotiation. The decline seems to be sustainable as far as 2009 is already announced as a sharp drop.
See article: The Fnaim confirms the decline in property prices in the old
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