Wednesday, 6 January 2010

2010 outlook for Property for Sale in the Languedoc




Firstly, Happy New Year. It has come and thankfully gone those festive weeks, and now we start predicting what could lie ahead for Property for Sale in France.

The French property market is bracing itself for a tough year ahead in 2010 but property experts do not expect a sudden recovery despite prices showing signs of stabilising.
Although the global economic downturn has made the last 18 months hard for the estate agents, France has benefitted from not having an overpriced market and a system that is more cautious and less gung-ho in terms of lending.

It hasn’t seen the kind of boom and bust that has affected its neighbours in Spain and Britain.
The economic crisis has dented confidence and recent research from the FNAIM, the professional organisation for estate agents which has 12,000 members,


shows that in France people think it is not a good time to buy or sell despite average price declines of 5% in 2009 compared with the previous year making it very much a buyer’s market.

Many buyers over stretched themselves and have been experiencing financial difficulties and the predictions are that things will pick up in the middle of the year.

Languedoc Roussillon have ridden out the recession well with house prices down just 0.3% and 0.2% respectively. We have not seen too many British buyers and the new buyers are first time French buyers. Also, we are seeing a lot of people looking to retire down south.

The future looks good for buyers and here is hoping a great 2010. Digg It! Stumble Delicious Technorati Tweet It! Facebook

Enjoy a romp around the Aude, Languedoc

This Aude Languedoc property site is designed to give extra credibilty to buy property and find property for sale in the Aude, Languedoc as a holiday home or main residence.

There is detailed information on all you need to know about buying property in France and especially in the Aude,Languedoc. This can be found on http://www.languedoc-property-site.com

If you come to the Aude to buy Property, and need a Gite to stay in, have a look here:
http://www.find-gite-aude.com

Happy romp!!

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