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.

Comments

[Annabel Williams]

Perhaps if French Agents had the sense to lower their commission, sellers would be more co-operative, & feel more able to lower the prices.
When you are lucky enough to get a viewer, then you get no feed back at all.........................
A Williams

[JGreen]

I agree with the above posting. The agents do not budge on their commission.

I have come across one exception - an Agent who was a breath of fresh air, reasonable, enthusiastic and open to negotiation.