Meanwhile back in rural France far away from the world of the Telegraph and property life.
Sudouest south-west 3/5/12
Un secteur en devenir.
An activity to come.
The commune is attractive but the vendors often overvalue the price of there property with unrealistic prices that are not adapted to the local population.
Tonneins is today an attractive town and there's still a few buyers to be seen.
The town is not as morbid as it was ten years ago.Says an EA it also has a much better image than the nearby villages although there's not much work to be found.
Buying prices are between a 110K to 120K.
The town reflects local and national trends.
A first 2012 quarter shows price and sales falls of 5% to 7%.
The drops can be explained by high prices that are disconnected from reality.
A house put on the market for a 161K is finally sold for 137K.
The price falls are also intensified by the desertion of the english or the dutch.
Who are trying to sell today.
Old houses are far to expensive a couple who today can afford to buy an old house for a 120K might as well build a new house for a 136K.
An example a villa put up for sale price 300K sold for 225K.
Not forgetting that old property no longer benefits from the "zero % loans"and its difficult today to get a loan with a bank.
Prices are too high for the local population.