New French real estate market survey was published July 4th 2014 courtesy of IFOP.
The survey shows the perception of French households regarding the French real estate market.
According to the survey, 76 percent of people surveyed believe the prices will go down or remain stable over the next 6 months.
38 percent of the people surveyed believe it is a good time to buy. This time last year 46 percent of the people surveyed felt is was a good time to buy. So the desire to buy has gone down.
When you look at the age specific results young people between 25 and 34, 56 percent believe it is a good time to buy so younger people are more optimistic about the French real estate market.
Only 18 percent of the people surveyed feel it is a good time to sell.
76 percent of those surveyed believe it is harder this year than last year to get credit
Remember this survey is all based on people’s opinions, no one can really tell how the market will be 6 months from now.
The main reasons people are not buying, according to the survey, is the believe that prices are too high, fear of long term debt, lack of access to financial support and credit and insufficient income.
One must note that these above reasons are the same reasons that block any buyer from purchasing in any type of real estate market.
The good news is that since it is truly a buyer’s market and not a seller’s market meaning the buyer’s have increased choice and bargaining power. It is a great time to check out the market. As Warren Buffett
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