dordogne property prices

IN an interview with Capital.fr, the French equivalent of The Economist, Alexandre Mirlicourtois from the research group Xerfi insists that the french housing market is not likely to crash.

According to Mr. Mirlicourtois, a senior economist at Xerfi, the property market in France will finish the year down two to three percent.

He predicts that it prices will drop a further 5% in 2009.

Certain commentators have said that the market will drop a further 30 to 40% over the next five to seven years.

SOME of the highlights from an article in The Connexion newspaper today indicate that house prices in the Dordogne are dropping faster than the INSEE or French government would have us believe.

The President of the FNAIM in the Dordogne says that asking prices are coming down by, he speculates, as much as 20%.