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Chantal Culver of Mountin Pyrenees Immobilier gives her verdict on the housing market in the Hautes-Pyrenees department of Midi-Pyrenees.

The question that we are most often asked is “ Do you think that house prices have bottomed out yet in the Hautes-Pyrénées ?”  The quick answer to this is who knows? 

While house prices have of course been dramatically affected by the financial crisis over the past year or so, they are also strongly affected by “supply and demand”.  There was a tail off in enquiries and, correspondingly, in sales during 2009 but these started to pick up again during September/October and really do not seem to have decreased over the traditional “quiet period” during the winter. 

In fact we have seen a large increase in the number of enquiries from potential buyers in both the French national and also the international markets for properties in the 100K € to 250K € price range which spells good news for sellers in that price bracket. 

The currency exchange rates have also started to improve which will continue to help the international buyer, and we have seen a marked increase in serious enquiries from not only the UK, but also from as far afield as the USA and New Zealand  

So, do we think that it’s a good time to buy?  There is a good stock of attractive properties now available on the market, and if you are looking for a bargain, then there are plenty to be found, and owners who are keen to sell are now open to offers.

Our advice - don’t wait too long before making up your mind.

Chantal is the owner of Mountain Pyrenees Immobilier.  They have a large range of property for sale in the Hautes-Pyrenees and surrounding area and look forward to helping you find your perfect home.  Click on the image to view their website.

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