house prices in france

A REPORT published this morning by the federation of estate agents in France, FNAIM, estimates that french property prices could fall by a further 20% by the end of 2011.

According to the study which is modelled on a number of worst case scenarios, the french housing market  will see a drop in prices of 10% in 2009. This concurs with a  Standard and Poor study released last week.

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%.