A price reduction on a property in a market that is rising is a bargain. An across the board price drop on properties that are expected to plummet in price for the next couple of years is not a bargain. You wait a couple of years until the over-supply has been soaked up, and there starts to be more demand than supply. You then buy at the bottom of the curve and watch the value of your investment rise. I personally would not recommend buying French new build at the moment.

Phillip.