ESTATE agents from two very different regions of France say that property prices are cooling off as buyers take their time over purchasing decisions.
Paris-based agent Ludovic Guespereau told the IHT that people are looking at a number of apartments in the capital before making a decision.
"Clients are seeing five apartments, and then they wait and take the time to make up their minds," Guespereau said. "They think it over."
The Chambre des Notaires de Paris has released their latest research, which shows prices of flats in the Fifth Arrondissement were up 4.6 per cent for the year ending June 30, but that they were four per cent down on the quarter.
And the trend of a slip in prices also appears to be happening in the south west with journalist Helena Frith Powell taking a look at the Lot region.
Her piece in The Times highlights the importance of putting a bid in even if you think you might be refused, agents say let the vendor decide if they want to sell.
“I have just sold a farmhouse that was on the market for €280,000 (£190,000) for €225,000 (£153,000),” says Jean-Jacques Vidaller, of Le Tuc Immobilier. “My message to buyers is not to ignore properties you think are outside your range, as you may be able to negotiate.”
Interestingly one of the reasons given for the drop in French property prices is that British buyers are seeing through the inflated prices of the past.
Now might be a good time to buy property for the longer term, especially if you are looking to let it to holidaymakers or use it as a place of retreat for yourself.
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