January 05, 2006
Reporting on real estate; another model
Posted by
Michael O'Hare
About a month ago, Mark deplored timid reporting in newspapers about the imminent deflation of the housing bubble. This seems not to be a problem in France: in this article in Le Figaro the publisher of a real estate industry journal is quoted as predicting a fall of 30 to 40% (!) in French house prices within five years. His advice is quite flatfooted: don't invest [in real estate] now; if you still want to, choose and finance very carefully; if you are selling, do it now:
«Si on veut spéculer, ce n'est pas le moment d'acheter» et «si on veut faire un investissement locatif, il faut faire très attention au choix et au montage financier», estime-t-il. Quant à celui qui veut vendre son bien immobilier, il a intérêt à le faire «tout de suite».
