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Flat owner on hunger strike over non-paying tenants in south of France
‘I’m starting to feel a bit shaky’ says owner. The tenants say they cannot move out
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Where in France are people now negotiating most off a property?
Some towns are seeing price drops of 9%
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Interest rates for loans to buy property in France continue to fall
The drop may help kickstart the market as banks and politicians explore new ways to boost home sales
Bordeaux prices not inflated by Parisians
Prices have risen sharply in Bordeaux since the opening of the new TGV line to Paris in July 2017 with a continuing increase in people moving in but it is wrong to say – as is often claimed – that price increases are due to Parisians buying second homes.
The scarcity of city-centre properties has boosted prices across the whole of Bordeaux with older flats up 14.6% in a year and 9.9% for older houses. This has dashed hopes for first-time buyers, even if continuing low interest rates do give some chance for a purchase.
Notaires deny there is a ‘bubble’ with prices inflated by Paris buyers and say a look at buyers’ details shows Parisians account for the same number of owners in Bordeaux as in other towns – 7% and that this has been the case for several years.
Any property market rise is due to the city’s attractiveness with flourishing tourism and urban improvements.