This snippet taken from Prime property market
However, many buyers have simply been motivated by the fact that prime prices, in some French regions, are at a seven year low, and many are starting to see buying opportunities.
‘Despite the Euro’s resilience we are seeing a tentative but reassuring number of British Buyers, including expats originally from the UK, buying in South West France, the Côte d’Azur and Provence. With prices at a seven year low in some regions there are a number of cash buyers who are seeing value in the market,’ said Kate Everett-Allen, head of international residential research.
‘That said, with the cost of borrowing at historic lows many dollar and sterling purchasers are financing their acquisitions with a Euro mortgage as a way of mitigating any future fall in the Euro,’ she added.
She also pointed out that the market continues to operate on two tiers. ‘Where property is priced accurately interest is generated, viewings are arranged and sales are agreed. However, there are still far too many properties that are unrealistically priced and languish on the market due to a lack of realism on the part of some vendors and a lack of transparency in the marketplace,’ she explained.
Val says some properties I have seen here have been on the market for years, if you want a sale one has to be realistic, prices have dropped dramatically in the last four years. No good saying we paid "x" amount for it if it is now worth "x minus ten"
If you decide you want to sell and after 6 months you have had no interest, start thinking " over priced" it always amazes me that people never do, and we will probably be just the same if we ever sell. We all like our own properties, which is why we bought them but remember , price is always the deciding factor.
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