I was not aware that prices were falling by that much in France, I thought that the property around the world was being hit but not substantial is the countries more detached from the US.
Yes that does seem a bit worry some don't put any money down or sign anything until you know every detail of the situation. Did you tell the agent what the owner said?
I would say take your time to make sure it is not overpriced since you have a friend in the area that is very very useful. Paying in cash is always a good way to get the price down however most sellers will try to get the most out of you.
I feel like Germany has always been able to maintain, or get back to, a stable economy relatively quickly even with the worst upsets. The policies are usually very good and although the taxes are high, it is still possible to make a profit.
Well that is just exciting news... :( Inflation, pensions, economic slow down, service sector is a mess, and things just keep on getting a bit worse. I wonder when it will start going up hill again.
I would be a bit weary to invest in property at the moment :( Maybe look into other sectors for options...definitly stay away from the service sector though. Like sqftmag said there is still money to be made, however I would pick and choose the sector carefully. Property just seems a bit risky...