This is not a scientific survey or anything but out of the thirty odd properties that GITES for Sale has on its books, about 6 have recently dropped their price.
And these are not the most blatantly over-priced, but rather those who have the most need/desire to sell. They are aligning their price to what they perceive to be the market price.
Is this good news for buyers? Well, yes! They can take a new look at a property that they formerly dismissed as ‘too expensive’ without really looking at the details.
Here’s a couple of examples:
1. 16 hectare estate in Languedoc (near Castelnaudary) – large farmhouse divided into main residence and 2 gîtes, 12 metre pool and lots of peace and quiet. New reduced price: €449,000
2. 5-bedroomed guest house catering to pilgrims and hikers on the Camino footpath in the Parc Naturel du Haut Languedoc. New reduced price: €170,000
Here is something for serious lifestylers who are thinking of moving to France.
A beautiful old chateau in deepest Gascony for only €650,000.
All the heavy lifting has been done – new roof, underfloor heating – but there is decoration and some plumbing still to do: hence the attractive price.