The housing market is turning around our eyes, and in recent months has accelerated everything!
The crucial point is that the media now speak of the reversal as a fact and not as a mere hypothesis. Articles covers and newspapers citing falling prices are increasing and now potential buyers are spent in a waiting phase ( Echos, La Vie Immobilière , Le Figaro, Capital , INSEE .
The worst is that interest rates will continue to climb in July, completing the last of désolvabiliser motivated buyers!
For the moment the consensus seems to be around - 15% over two years, which means a decrease of nearly 40 000 € for an apartment at 250 000 €. Enough to justify waiting (two years' rent to 1000 € / month = € 24 000)!
to wait, listen to this little debate on BFM very interesting
BFM Great Debates June 25, 2008
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