News about the development of property prices in France.
In the first trimester of 2012, the big Real estate Agency chain Century 21 has sold 11.4% less houses than in the same period last year. On a national level, the average price went down 2.1%. Prices in Paris stopped going up (-0.1%).
The trend is still down. Of course we have to realise this downward movement of the last years comes after more than a decade of continuous rises, which some say created a bubble in the French property market. And not just in France. In the Netherlands, for instance, it seems houses are overvalued by a whopping