redwine Posted September 2, 2010 Share Posted September 2, 2010 http://www.leboncoin.fr/ventes_immobilieres/124389840.htm?ca=21_s Alpes de Haute Provence Barcelonnette Grande Maison à Uvernet Fours Big House in Uvernet Fours Leboncoin (who else) Quote The price goes down every week come back regulary to follow the evolution Last price drop the 5th of August (from 350,000 euros to 347,000 euros) Its probably only worth a 180,000 euros Leboncoin property section is a really insane place but always good for a laugh He put the price of his property down last Monday from 345,000 euros to 343,000 euros Having said that he did not drop his price on the 12th of August! Looking forward to next Mondays price fall This is actually a con the property is over-priced and seeing as the add will only last for two months on Leboncoin the asking price will still remain high Sell your property by putting the price down every week or in his case every two weeks Quote Link to comment Share on other sites More sharing options...
sesim Posted September 2, 2010 Share Posted September 2, 2010 (edited) In Jan 14 this year, leboncoin.fr had 505154 properties for sale. Now has 678999. That's over a third more! More ramping.. buy it now while it's cheap...big falls in country properties. Capital.fr immobilier The dream is now available. The surveys we conducted at the six corners of the Hexagon prove: after doubling in a decade, prices for country houses tumbled over the past two years (- 10% in the Perche - 20% in the Charente - 25% in the Cevennes gardoises and up - 40% in the Marne). Main reason: with the crisis, foreigners, who had dramatically pushed up the price of our old buildings, deserted en masse, sometimes precipitously. Result: the estate agents widows are full of bargains. All ok except for the last sentence. Should read: Result: Wait longer, idiot. Much much longer. Check out this 'maison'. How do they get away with using that word ? Edited September 2, 2010 by sesim Quote Link to comment Share on other sites More sharing options...
redwine Posted September 2, 2010 Share Posted September 2, 2010 In Jan 14 this year, leboncoin.fr had 505154 properties for sale. Now has 678999. That's over a third more! Main reason: with the crisis, foreigners, who had dramatically pushed up the price of our old buildings, deserted en masse, sometimes precipitously. Result: the estate agents widows are full of bargains. All ok except for the last sentence. Should read: Result: Wait longer, idiot. Much much longer. Check out this 'maison'. How do they get away with using that word ? Capital does have some 'real property ' news on its website but its very pro-property often with totally over the top prices for different regions in France I don't believe in the myth of foreigners putting up the price of property in France More and more property for sale i suppose the real question which we should be asking is why ? I don't know how you found your 'maison' but you beat me there TBH i've never seen anything as bad as that( a ruine) Quote Link to comment Share on other sites More sharing options...
sesim Posted September 2, 2010 Share Posted September 2, 2010 This ain't 'arf bad: MeilleursAgents.com Then click anywhere on the map, and see the prices colour coded by Dept, Region etc. Quote Link to comment Share on other sites More sharing options...
redwine Posted September 3, 2010 Share Posted September 3, 2010 This ain't 'arf bad: MeilleursAgents.com Then click anywhere on the map, and see the prices colour coded by Dept, Region etc. http://www.seloger.com/annonces/achat/maison/engomer-09/37470409.htm Thanks for reminding me about meilleursagents i remember posting the link a long time ago but its still useful but only to a certain point its only what the EAs say! This property is in the dept 09 it was put up for sale on the 25/7/2008 asking price 265,000 euros Its now been on sale for the last 25 months During the last two years there's been a -46% price drop On the 17/08/2010 the vendor is now asking for a 144,000 euros The property even though it is big looks like a haunted house you expect to see the addams family living in it Quote Link to comment Share on other sites More sharing options...
sesim Posted September 4, 2010 Share Posted September 4, 2010 Yep - 09 is taking a beating. In 18 months/2 years it might be reasonable value, if you don't mind the isolation. But still the denial is unfathomable.. check out this one in 09. repimmo.com shows it's been for sale since march 09, but now with a reduced price of 237K for 5 pieces. Compare that to your 144K for 10 pieces. Ok this one is pretty, nice view, ready to move in to, but still... crazy stuff. Whenever I get tempted to buy, I just line up these graphs against each other.. and ask myself whether the vendor would accept the % drop needed to bring it down to a sane price. (french prices from googling friggit). According to the bubble graph, we are now at the 'return to normal' stage Quote Link to comment Share on other sites More sharing options...
redwine Posted September 4, 2010 Share Posted September 4, 2010 The friggitt tunnel and the friggitt graph (house prices compared with the income of the French ) It looks like theres been some 'changes' going on on his last update on the 6/08 May 09 1.02 now 1.03 June 09 1.04 = 1.05 August 09 0.99 now 0.97 it looks like the August (09 )3 points have been added onto the figures for July 2010 1.04 to 1.07 I am expecting in the next two updates the figures for Aug 09 to go from 0.97 to 0.95 and so on etc This is a sliding yearly graph that does not give you the real price of property sales in any region but it gives you an idea of the housing market In the Ariège theres 1608 houses for sale although theres a lot of rubbish out there as well your link is on Se Loger at 239K been on sale since the 4/3/10 As for the denial i meet somebody that i used to work with the otherday He bought his property at the end of 1998 just before Euro it was newly built property at the time and it cost him 465,000 Francs or 71,000 euros He told me that he was selling the house for 250,000 euros (its what its worth according to him) That makes a price increase of a 179,000 euros over the last ten years or so 16,272 euros a year! He spent a lot of cash on DIY The bank + the interest have to be paid back Actually every euro that was ever spent on the property has to be recovered not forgetting a good profit as well A sort of i paid for it so i want everything back + more I don't know how long its been on the market it still hasn't been sold but i have learnt to say nothing whats the point you only end up fighting and i have no intention of buying his property anyway Don't bother showing friggitt graphs to the vendors i doubt if Joe Public here has even heard of it ! Don' Quote Link to comment Share on other sites More sharing options...
redwine Posted September 5, 2010 Share Posted September 5, 2010 http://www.magazine-immobilier.org/les-francais-croient-encore-en-l%e2%80%99immobilier/005570 Magazine immobilier (4/09/10) Property Magazine Les Français croient encore en l'immobilier The French still believe in property Quote The property market seems to have recovered its health and is waiting for 2011 with its zero % loans The French Ministry of the ecology have said that sales have gone up during the second quarter of 2010 (Why aren't the Fench Housing Ministry giving out the figures?) The French still believe in property! According to an opinion poll property is still a safe-haven for the French who continue to 'invest' in property Theres going to be 10 million French who have a property project next year Why not buy a holiday home or 'invest' in a BTR The average budget is 100,000 euros to 200,000 euros (No French bank will lend anybody more than 200K) Rents are too expensive but buying is the solution (Not true rents are stable in the public sector and have gone down in 66 French towns and citys) Property is the best investement for the French Theres a problem! 42% Have no savings or cash put aside = no loan 34% Can't find the property that they want or its not in there budget (Prices are to high even though its forbidden to say it) 18% Can't get a loan 14% haven't a stable job they are also scared of unemployment and the outcome of the crisis! We now have 23% more property on sale before the crisis! According to HSBC rents are worrying the French! Electricity has just gone up so have gas prices as well as heating oil Council tax and rates will be going up as well Out of the so called 10 Million in the opnion poll ( nobody asked my opinion) It seems that 108% either can't afford to buy have no cash or job and are scared to 'invest' 23% more for sale (they want out even though they know what is really going on but refuse the reality of the real world) Buy nothing stay away Quote Link to comment Share on other sites More sharing options...
whiterabbit Posted September 5, 2010 Share Posted September 5, 2010 Just had drinks with a friend who works for an agency that represents the golden triangle in the Luberon (Vacluse). She said they have triple the houses on the books they did two years ago and nothing is selling. In a village called Saignon 50% of the village is on the market. Also "farms for rennovation" are becoming available again. A few years back you could not find a rennovation property in this area anywhere. She is expecting drops of another 20% as we head into Winter. Also apparently rentals have been the worst on record.................... Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted September 6, 2010 Share Posted September 6, 2010 Just had drinks with a friend who works for an agency that represents the golden triangle in the Luberon (Vacluse). She said they have triple the houses on the books they did two years ago and nothing is selling. In a village called Saignon 50% of the village is on the market. Also "farms for rennovation" are becoming available again. A few years back you could not find a rennovation property in this area anywhere. She is expecting drops of another 20% as we head into Winter. Also apparently rentals have been the worst on record.................... The French only drop the price if they are desperate. They're as stubborn about what their house is "worth" as they are about the idea that it's permanently foggy or raining in England. I've even had people from Normandy tell me the English climate is wet, which is incredible. Quote Link to comment Share on other sites More sharing options...
davidg Posted September 6, 2010 Share Posted September 6, 2010 According to an opinion poll property is still a safe-haven for the French who continue to 'invest' in property I know a few people who have got burnt in property... largely by letting to people who didn't pay the rent and took years to evict. Quote Link to comment Share on other sites More sharing options...
redwine Posted September 7, 2010 Share Posted September 7, 2010 http://immobilier-revelateur-de-la-nature-humaine.over-blog.com/ The sad life of an Estate Agent or property and your universe 'impitoyable' Ninon Ingrid is back shes an Ea in the Toulouse region she has a blog full of anecdotes she stopped posting last May due to the comments that were made against her by French HPC sites she got really upset about this and stopped her blog! I am pleased that she is posting again shes a sort of EA Joan of Arc c'est la guerre Si le ridicule ne tue pas la cupidité elle ne s,en prive pas It does not kill you to act stupid but greed will kill you! Quote Its been a long-time since i've wrote but here's another anecdote Mr and Mrs Dumur asked me to do an evaluation of there property in 2008 before the crisis There property is nice and big 600M2 dating back to the 18th Century but they wanted to renovate it themselves using cheap materials it was "amateur" work At the time Mr Dumur was 75 years old and he had already spent the last ten years renovating his property! He worked from dawn to night 7 days a week Blood,tears and sweat but any buyer could tell that his work was an amateurs work Six different EAs evaluated his property between 900k to 1.3 million I told them that its worth only 750K but they told me that it was to cheap! 3 years later on Saturday the 4/9/2010 Mrs Dumur telephones me to say that her husband died of a heart attack due to over work even though he was told to rest by the doctors! That makes it now 4 years since they have been trying to sell there property and at last Madame will accept a price change to 650K Moral of her story 'greed kills' Quote Link to comment Share on other sites More sharing options...
redwine Posted September 7, 2010 Share Posted September 7, 2010 I know a few people who have got burnt in property... largely by letting to people who didn't pay the rent and took years to evict. http://www.clameur.fr/lmdcv.htm This link will give you the prices of rents in the private sector in 1005 French towns and cities in 2009 Do not forget that the renters are only protected during the winter eviction is not allowed Having said that the landlords or those who own property but rent it out if they can't pay back the bank they will be evicted and it does not matter if its the summer or winter The owners are not protected only those that rent PS don't forget to tell the French tax man that your are renting out your property afterall they want there 'share ot the profits' Quote Link to comment Share on other sites More sharing options...
redwine Posted September 8, 2010 Share Posted September 8, 2010 I don't know if anybody is watching the new M6 'Looking for a flat or a house' with Stephane Plaza and his new side-kick Marie-odile Tessier in Bordeaux tonight This is really getting out of control 350K to live in Toulouse in an old dump built in the 1930's The vendors are telling the future buyers that they refuse any negociation and if they don't pay the price that they want they can get st*ffed ! They all look like actors dressed in black ,purple kitchens ,red sitting rooms etc Property porn or porn of another sort everything tonight in Toulouse is so false that its funny with its 1990s music The French in general believe that this is true! Quote Link to comment Share on other sites More sharing options...
sesim Posted September 10, 2010 Share Posted September 10, 2010 Daily Tearygraph - Buying a home in Province It was a tumbledown bergerie that hadn’t been lived in for years. The asking price came in at under £335,000, but this seemed expensive given that it had no mains water or electricity and required considerable rebuilding. According to the estate agent, it was a fantastic investment opportunity.. And.. As the economic crisis recedes, Provence is “greenlighting”, according to Mike Braunholz of estate agency Prestige Property. What colour is the sky where you are ? Quote Link to comment Share on other sites More sharing options...
Smog Posted September 10, 2010 Share Posted September 10, 2010 Daily Tearygraph - Buying a home in Province And.. What colour is the sky where you are ? Is that article supposed to be advice ? Clearly there are still agents in the South of France more than willing to bullshiiit the Brits, and getting away with it by the looks of it. That journalist is nothing short of a gullible idiot. Quote Link to comment Share on other sites More sharing options...
redwine Posted September 10, 2010 Share Posted September 10, 2010 http://www.lavieimmo.com/immobilier-vaucluse-36815/prix.html This link will give you the average price for a house in the Vaucluse or the Dept 84 The average price for a house there is 196,114 euros down by -3.40% In the Telegraph 'advert' she is talking about buying a total wreck without water etc for 335,000 pounds or 405,000 euros Cavaillion average house prices for a real house asking prices a 187,800 euros Check out all of the 'dead property' thats for sale on in the Dept 84 on petits cailloux I couldn't be bothered to count them all!! Nice place for a holiday in the summer but a bit boring and cold in the winter Average wages are very low there and it is an unemployment 'black spot' Peter Mayle liked the locals in there old 2cvs i suppose that it never crossed his mind that the reason why the locals drove around in old cars was due to the fact that they have no money ! A year in provence rural poverty looks nice on sunny day Quote Link to comment Share on other sites More sharing options...
redwine Posted September 11, 2010 Share Posted September 11, 2010 http://www.mediapart.fr/club/blog/fender/110910/perles-des-medias-sur-limmobilier-ce-matin-sur-europe-1 Perles des médias sur l'immobilier ce matin sur Europe 1 Media pearls on property this morning on Europe 1 Quote The reporting by the medias about property has always been very strange Its an example of one of those rare price rises that the media have always welcomed From left to right-wing newspapers and even more so from the radio and the TV When the price of bread,petrol,milk and electricity goes up its reported as pure suffering But when the price of property goes up (in Paris) its reported with joy and happiness They often quote the very serious notarys and more than often the VI Estate Agencies The price of property has never been so expensive in Paris (this week over 6000 euros m2) Good news for the economey but bad news for future buyers (without explaining how high prices in Paris is good for the economey) Prices are going up everywhere and will continue to rise for the next 4 to 5 years ! There is no property bubble as long as the rich continue to buy! However things aren't so good a risk of buyers going bankcrupt even more frustration for future buyers Property news isn't always good news for everbody it all depends on your target audience BTW yet another special buy property on FR2 news tonight ! Quote Link to comment Share on other sites More sharing options...
redwine Posted September 11, 2010 Share Posted September 11, 2010 http://immobilier-revelateur-de-la-nature-humaine.over-blog.com/ Another anecdote today by Ninon Ingrid and her sad life of an Estate Agent This time its about the English buying property in the Gers Les clients arracheurs de dents multirécidivistes The buyers teeth-pullers and multi-offenders 11/09 Quote (briefly) Imagine for one instant that you are happy! You have spent 10s of hours on the phone talking to Mrs H in England saving her cash on useless visits even though you have visited over 20 properties with her! Shes a fussy strict demon In the end she found her "Dream French Property" as the romantic property magazines describe French Property Now its the final signature at the Notarys office but Its a sign screams Mrs H at the notary Pardon? Its a sign ! My pen is out of order I can't sign it ! Take another pen says the notary Impossible this pen was offered to me by my great- uncle at my first communion.I passed all of my university exams with this pen I refuse to sign any important documents without this pen.I will repair my pen and will sign at another date (An angel passes in the notarys office) Despite my efforts and the notarys efforts she refuses to sign A few weeks later i talked with another EA friend Ah "Miss Pen" she never buys anything! Some buyers are liars like teeth-pullers we need a black-list of time-wasters I like the readers comments Ah the English as always as strange as ever! Hi Ninon nice anecdote if its true as for time wasters judging by Plazas new side -kick in Toulouse dressed in black with her Audi TT in black She was also wasting time making the future buyers visit total wrecks in Toulouse No negociation allowed not even for 10K Eas are also time-wasters as well Quote Link to comment Share on other sites More sharing options...
sesim Posted September 11, 2010 Share Posted September 11, 2010 Ah "Miss Pen" she never buys anything! Some buyers are liars like teeth-pullers we need a black-list of time-wasters This doesn't pass the 'does this sound true ?' test, but a funny story, whatever. People will always lie at the last minute.. saying something about a death, or whatever, to get out of signing, but a pen?, repeatedly ? I suspect she had no-one in the agency, and had to make up a story to jazz up her blog a bit. Re: Average house prices in Cavaillon.. very interesting. As Smog says, the writer must have been so naive. The agents must love these smiling foreign idiots walking into the agency. I bet the prices double on sight. Still, if I were an agent, I would do the same - business must be pretty lean these days Quote Link to comment Share on other sites More sharing options...
whiterabbit Posted September 12, 2010 Share Posted September 12, 2010 Is that article supposed to be advice ? Clearly there are still agents in the South of France more than willing to bullshiiit the Brits, and getting away with it by the looks of it. That journalist is nothing short of a gullible idiot. As per my post last week (884) this area is having big problems right now. All agents inventories are up and viewings prices down. The village of Loumarin has always been very well know and is hardly an unearthed gem. Most days you would be hard pressed to hear a French accent there. This article is close to fraud IMHO. Every single "fact" is incorrect. Quote Link to comment Share on other sites More sharing options...
Smog Posted September 13, 2010 Share Posted September 13, 2010 As per my post last week (884) this area is having big problems right now. All agents inventories are up and viewings prices down. The village of Loumarin has always been very well know and is hardly an unearthed gem. Most days you would be hard pressed to hear a French accent there. This article is close to fraud IMHO. Every single "fact" is incorrect. I'm becoming convinced this article is just VI spin. I can't believe anyone could be that gullible, I'm sure it's no more than an advertisement for Provencal agents immobiliers. Just look at some of the the twitter comments from some of those agents, including one for "Prestige", the agency she used. Seems like a huge con trick they're trying to pull. Wouldn't be surprised if she'd bought the place at a huge discount in return for a bit of free advertising to gullible English buyers in the Telegraph. Quote Link to comment Share on other sites More sharing options...
sesim Posted September 13, 2010 Share Posted September 13, 2010 Also apparently rentals have been the worst on record.................... For even peak July/August rentals too ? Peak summer rentals in Provence used to be a dead cert. Would be interested to know if it is the french who are no longer holidaying down there, or if it's the foreigners (english, dutch, italian etc.) who have dropped away. Quote Link to comment Share on other sites More sharing options...
redwine Posted September 13, 2010 Share Posted September 13, 2010 For even peak July/August rentals too ? Peak summer rentals in Provence used to be a dead cert. Would be interested to know if it is the french who are no longer holidaying down there, or if it's the foreigners (english, dutch, italian etc.) who have dropped away. I read that holidays in Provence seemed to be business as usual everybody was there the French, Dutch and Italians apart from one group the notable absence of the British! I have also noticed that on the link you gave that the readers comments are heating up! The Telegraph now has petitscailloux A reader posted the dead property link and it wasn't me! I could never understand the British French Dream/ Happy France forums Why do they never give out links to French Property 'trackers' ? I can think of at least three http://www.salairemoyen.com/revenus.php?Commune=84139&Ville=84800+-+FONTAINE+DE+VAUCLUSE Fontaine de Vaucluse Population 685 Average Family size 2,1 Net income by family 1752 euros a month or 822 euros per person a month Retired 38% Rated 22178 out of 24380 (in the poor end) Gordes 44% of the population are OAPs How are the locals supposed to buy a wreck priced at 405,000 euros with a low income, they can't This might create another problem jealousy by the locals and the only hope that the British have of selling is to sell to other Brits Hence the endless French dream in the sun etc etc Quote Link to comment Share on other sites More sharing options...
redwine Posted September 13, 2010 Share Posted September 13, 2010 http://www.seloger.com/annonces/achat/maison/lauris-84/52083687.htm Heres another villa in Provence but its on the small size 17m2 for 77,000 euros Quote Link to comment Share on other sites More sharing options...
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