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House Price Crash Forum


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About south_bound

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  1. Hi, I'm a bit late to the party, mainly just browse on here every now and then. I started looking at this website 10 years ago when looking to buy a house near London in what was supposed to be a downturn which never happened in that area. Then moved to the south of France (small town near Marseille) and couldn't have hoped for it to work better. OK, so as said above the bureaucracy is a nightmare at first, well every time you need to interface with the government but more than made up by the way of life. I work and need to travel back to the UK and further but as long as I get back for th
  2. Do you think yesterday's announcements regarding ISF being limited to property investments will further weaken prices? Does this affect only direct property investments, or also holdings in companies which in turn own property eg. SCI or more complex business structures? If the former than small time BTL portfolios will be hard hit I imagine.
  3. Is that it? I thought this was all part of the same programme and that they would go back to the first one for an update and I was looking forward to seeing her having to accept a knock down offer. Never mind. The second house in the outskits of Paris - they have done a decent job on opening out the kitchen, although it wasn't difficult given it wasn't a load bearing wall! Did they quote 70 Euros for the job? Can't have included the labour OR materials costs??? Lets see what happens.
  4. I'm watching it as well out of the corner of my eye while surfing the net. TBH, my first thought on hearing 250k and 5 visits my immediate thought was - too expensive (although a bargain compared to what we are seeing here in the south). I like the way they prefer to spend 6k redoing paints and touch-ups rather than lower the price by just a bit more. Living on the edge of a roundabout would put me off as well!
  5. Now thinking about the possibility of buying a plot and getting a house built, which I'm not sure is necessarily a cheaper option but at least we would have better chance of getting what we want. I have contacted the Marie of a small town that is selling building plots (non lotissement) and they talk as if it is fixed price. The one I am interested in seems to have been on sale for a while both directly with the Marie and through agents - is there a protocol regarding offers as with the general housing market? I suspect the price has been based on advice from a notaire or similar and doesn'
  6. I find that this is often the case where people advertise with every agent in town - each giving different floor areas, number of bedrooms and even heating type! The prices are also different by a few thousand Euros which I think reflects the difference in fees charged by each agent. Sometimes, there is a price reduction but they have forgotten to tell all their agents which makes for interesting reading on seloger when there is a 50k difference for the same house. We have been contacted by a couple of British "property finders" who claim that their services will cost us nothing as they sha
  7. Just for information, I thought I'd share this info on my recent activities in searching for a house in northern Bouche du Rhone (13) - generally quite high-priced touristy area, but where we have decided to settle for the longterm and wanting to move out of rented accomodation. About 25 viewings to date either through agencies or private sellers, some sold quite quickly, many for sale more than the 6 months we have been actively looking, and some even dropping prices by 20 to 50k Euros over the course of a year (bit not the ones we would want to buy anyway). 3 offers submitted at between 12
  8. I just found out this weekend that in France, if someone sells their house within 5 years of having it built, they are liable to pay 19.6% TVA on the land and construction costs. This sounds like it is designed to discourage "flipping" by amateur developers by making it more difficult to turn in a profit from such activities. I realise that there are reduced notaire fees on new-builds, but it does seem quite harsh on those who genuinely need to sell unexpectedly within 5 years. A house we viewed a couple of days ago is in this situation due to bad health of the owner (apparently), but he se
  9. Great site, and interesting to see what has been around a long time and confirm our suspicions that particuar properties are still way over-priced. I was amazed at the asking prices on some of these a year ago! It woud be great to see an update beyond 28/09, as quite a few ads have now dissappeared - sold or not, I don't know. There is also a good section that compares price per sq m to identify the better prices, and a forum that I found interesting reading.
  10. Thanks for the various replies - I will definately follow up with the local Notaires to see what they have on their books. Is there a formal mechanism that allows the notaires to know what is for sale while it is being marketed, or is it just down to local knowledge - I can see that they will get involved once negotiations start but earlier in the process as well? I have also been using Google Earth to help pin-point properties, but many are hidden from the road so not really easy to spot, plus agents are really cagey about givving away even their general location. At least I am already ren
  11. Hi Redwine - I have been following your posts and links with interest over the past little while, all very interesting thank you for that. I am in the process of looking to buy a house in Provence (Northern Bouche du Rhone) - to live in rather than investment - although obviously looking to make the most of difficult selling environment. The agents down here are worse than useless, expecting that we turn up and buy without them needing to do anything, and showing any old tat they have on their books with no regard for criteria etc. I read constantly that half of French property is sold priv
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