This should limit the decline throughout 2009 to 4

Stabilization, or even relief, former real estate since the entry price is confirmed. Century 21 and Fnaim, it is the turn of notaries to measure a slight rebound on the basis of the interntional notarial acts. It is still low (see sidebar), but their numbers have three to five months of delay on the reality of the market, and the movement appears more sensitive in the provided national estimates yesterday by the Laforêt real estate agencies network. "Prices, which declined by 7.3 on average national at end of August, are reassembled approximately 3 on 1 September to 15 November, say the founders of the network, Bernard of experts and Patrick-Michel Khider, on the basis of 75,000 compromise of sale." This should limit the decline throughout 2009 to 4.5, and would bring the total decline since the beginning of 2008 to 9.5. "An analysis a little optimistic, according to HSBC, whose the last study looks for a decrease of 7 on the year (and stability of the price of new housing).

The recent prices inflection is explained primarily by the shortage of goods for sale, according to green, who believes that, on the first ten months, the volume of transactions declined by 20 from 2008. "Prices are expected to decrease by 20 so that the market is restarted, but it has not been the case and it will not be the case, because there is little supply, which reduces the margin of negotiation", analysis Patrick-Michel Khider.

Despite their slight rise for three months, all prices are retreating on the year arrested November 15, except for the houses up to 120 m2, which progresses significantly ( 5.3 compared to 2008). It is an exception that weighs heavy as, "in the former houses represent 60 of the transaction, against 40 for apartments," recalls Bernard of experts.

The situation remains fragile

Side apartments, studios have the Palm downward (-6,9). They are followed closely by two and three parts (-6,8 and 5.2 respectively). Wanted by primo-homebuyers, these are the only property with the small houses to be the subject of active transactions, but with price differences dig depending on their quality. The apartments of the 1960s and 1970s are a more significant price decline. As much as for a few months, the diagnosis of energy performance is highly watched, but their is often poor.

As the market four-pieces and large surfaces, he remains blocked. Of course, "secondo-homebuyers", who sell property to buy another, are some operations, but "if their transaction back a little, it remains weak, said Bernard of experts. "It is that of transactions forced, due to a professional mutation or a divorce".The return of secondo-homebuyers, which would signal the true release of market (traditionally they represent 60 of the market of the former), is therefore not topical and the profile of current purchasers, increasingly more young and modest, shows that the situation remains fragile with rising unemployment, says economist Michel Mouillart (read below). In this context, the volume of transactions in the former should not take off. Laforêt expects that it passes 600,000 transactions last year to 480 this year and 520.000 maximum in 2010, accompanied by price stability. 2010 would then constitute a year... white or black if interest rates go back.

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