In France, July consumer confidence fell 2 points to a new 21-year low of –48, worse than forecast. Fear of losing jobs is up 15 points but inflation fear is down 2 points. The French housing market is starting to match Spain’s… Q2 housing permits fell 15.3% y/y and housing starts fell 28.2% y/y. Even non-residential permits fell 20.5% y/y and starts, 13.3% y/y.

Best Euro Rates please visit

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Damian George

Buy Euros - Best Euro Rates

hopefully not

The market has gone quiet. We have gone from 30 emails a day to about 2/3 a day. We are in the Limousin where prices have gone up about 500% over the last five years. Prices will come down but not on the scale of the US market.
If you stick to Cannes / Paris you can still make money on rentals.
But the days of buy and selling in France and making large chunks of money are over just now. Its time to sit tight.
Forget buying to let on 70%/80% mortgage you are just asking for trouble just now.

Cant agree more.

Added to this - flight prices are crazy at the moment BA is looking cheap compared to easy jet and ryanair.

has anyone noticed this?

Also have to say BHC that our enquiries have fallen through the floor - lots of £2/3k transfers to pay the french mortgage or spending money buy no large clients to talk of. Normally this time of year we have 3 or 4 people a day asking to buy euros of 100k plus

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Damian George

Buy Euros - Best Euro Rates

Hi all,

I don't think the French housing market is about to collapse at all. More and more foreigners want to buy a property in France. They are charmed by the variety of landscapes and love coming in their French holiday house.
What's more with the decreasing train journey times and the cut off prices to go from the UK to France, they will definitely go on coming in France for a property !

For those who like precise data, the French property market became number one in 2007 by the volume of property sold to foreigners and next October promises to be busy in terms of property sales.

You can have a look on this Sextant Properties to find more info

Hi Sextant

i like your French Property For Sale

I notice you recommend Moneycorp how do you find them?

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Damian George

Buy Euros - Best Euro Rates

Hi Damian,

We have been advising Moneycorp for more than 3 years now and we are very pleased with the service they provide to our customers: They always match a quote from their competitors.

I have to agree with you, we sold a house today and we have another sale about to go through.
Prices will not collapse in France, if you look at the latest Notaires stats they are still going up.
We still get a few emails every day, it is down from the 30/40 a day it used to be but then again most were day dreamers anyway.

Hi;

You guys are Estate agents and should know more. I think it will be calm, but it will never collapse. The french market is highly regulated, and will always attract interests.

What do you guys think about The market in Old Nice?

In 2001 you could pick up apartments that needed modernised from about £25.000. Now they are worth a fortune.
The market is quiet in Nice/Cannes. Very overpriced. There are still plenty of very rich people buying there.
O% poss of a price collapse.