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France in ‘wait and see' mode
The French property market is experiencing ‘slow times’, claims one company...
According to French property portal Leapfrog Properties, many foreign and domestic buyers have adopted a “wait and see” approach.
A spokesperson for the company explained: “This [wait and see approach] is reflected in the slowed growth of property prices which over the last year have been hovering around 4% for the country as a whole. Indeed in many of the less sought after regions and country properties we are seeing this most allowing buyers to often negotiate a good 10% off the price where in previous years would have been very difficult.
“Properties under £200,000 - which make up the bulk of sales across the country – have been hardest hit. However, properties in exclusive locations with a finite supply like the renovated stone-built residences in central Paris or the luxury apartments and villas on the Cote d’Azur are largely unaffected”.
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