Thursday, March 12, 2009

French property crash.....baloney

Just read this in The Times

In the section on France one of the agents says that prices have fallen by up to 25% in many areas and quotes a house in the Dordogne that has come down in price from €630,000 to €456,000.

Now, I've never seen the house in question but I'd put my shirt on the fact that actually it was well over valued in the beginning (by the owner perhaps?) .

It's a sad fact that many of the Brits looking to sell up and go home paid over the odds in the first place. This means that they put their houses back on the market at over the market rate and are astonished when they have to "slash the price".....leading to articles like this that just feed the flames.

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