As number of property sales fall, agents predict price drops
AN absence of buyers, and a refusal by sellers to drop prices, has pushed the French property market into a state of stagnation say estate agents.
Le Parisien has spoken to those involved in the property industry and they have reported a fall in the number of transactions of up to 40%.
A few reasons have been blamed, including sellers refusing to drop prices and the availability of bank credit being tightened.
Agents are not predicting a price crash, but that a fall is likely as we run in to autumn, but much will depend upon whether sellers are prepared to tone down their demands.