Trend: price stabilization
Prices had been rising steeply in Uzège in the seven years up to 2008 – when the high-speed-train (TGV) first put Uzès less than 3 hours from Paris. However, the local property market bubble has not quite burst since the global downturn of 2008/2009 – rather, it has “shrunk”. The financial crisis has not lead to a huge drop in prices here, rather it has resulted in prices rising at a much more sedate pace, with buyers being more demanding and sellers slightly more reasonable in their expectations. Since the beginning of the summer (June 2011) we are witnessing a clear consolidation: not a buyer’s market yet, but getting there. It will take some time (at least 6 months maybe I would say) for the sellers to digest the fact that buyers – even though in less secure financial environment they make be enticed by the security of a real estate investment – are even more demanding, even less willing to pay the asking price.
As of October 2011, you can expect to pay about 2,200€-to-2600€ per sq.m for old stone farmhouses with character (“mas”), 1,800€-to-2,400€ per sq.m for village houses (no gardens nor pool) and 1,600-to-2,900€ for apartments (with a limited supply, mainly in Uzès or St-Quentin-La-Poterie).