Dordogne property market update

EVERYWHERE you look at the moment suggests that property prices in the Dordogne are in freefall.

A number of reports released in the last week, however, continue to suggest that a french property market crash is not something we are likely to witness anytime soon.

The number of transactions continues to fall as do house prices in the Dordogne.

People with property to sell fall into two camps. There are those who need to sell quickly and those who don't. The former have begun to reduce their asking price aware that unless they do their property is likely to remain unsold.

People not in any hurry to sell their Dordogne property are holding out to see what the market has in store.

We were given a glimpse of what's in store for the french housing market in general today by a senior economist at Xerfi. In summary, prices will fall to a maximum of 15% until the market goes back into an upturn in 2011.

So, it is a good time to buy ? If only the answer could be that straightforward. There are several variables to consider in making the decision to buy property in the Dordogne.

Largely, it will depend on how exchange rates and interest rates fare. At a glance, it may seems to make sense to hold out for the 15% drop predicted but interest and exchange rates would need to either stay where they are currently or do better to bag a bargain.