The recent FNAIM “state of the market” report is at best obtuse, and at worst a deliberate attempt to obscure the facts. As usual – no sales volumes are included in the report, but the tone suggests some panic amongst the membership. The report claims “slight upward pressure on prices in the short term,” but then states that prices fell 1.4% in the first quarter 2010.
More on Property Investment in France :: FNAIM Hedges Their Bets
According to the French National Federation of Real Estate (la Fédération nationale de l’immobilier or Fnaim) prices are expected to fall all over France in 2009. No surprises here, but the spokesman, René Pallincourt, was typically upbeat, suggesting that prices had only fallen 3.1% in 2008, and would only fall another 10% in 2009.
