French property is back ... but prices in the country continue to fall
Post-Brexit media are having a field day with the news that property prices are stalling in the UK while continuing to rise in France and Germany.
They are only half right: outside of Paris and some other big towns, prices are continuing to slide in rural France. Especially for the sort of 'lifestyle' properties that refugees from post-Brexit Britain covet.
Only last week I had a visitor over from the UK looking at a fine gite business in the Aude. The price was €750k (reduced from an initial offer of €850k). The buyer pointed out that one of the roofs would have to be re-tiled and that the whole place needed refreshing. Without further bidding the owner lopped another €100k off the price, there and then. The buyer remained nonplussed. Not enough.
It's a buyers' market.