According to one study, the housing market in France could face "the dark scenario of a crash" and prices fall 25% before 2010.
Precepta Institute released Thursday, 11 January, a study on the housing market in France.
In this study, France could face "the dark scenario of a crash" and prices fall 25% by 2010.
After "an increase of almost 100% between 1996 and 2006", "the high point of the cycle has been reached," said Precepta and now "the trends are reversed. "The black scenario of a crash is credible," the institute said in its analysis.
"Prices in real estate (residential, ed) progressing now four times faster than purchasing power," said Precepta which states that "never disconnect between the two has been so strong. " While acknowledging that "the shock was absorbed in part by improved credit conditions that have increased the borrowing capacity household ", the study shows that" this movement seems to have reached its limits. "
Since the last 6 months, many articles and contradictory studies. To each his door. Professionals real estate talk of stagnation while others speak of the "future" precipitous drop in prices.
The truth is probably between 2 positions. An average decrease of 5% by late 2008 - early 2009 I seems quite realistic.
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