Value of French chateaus collapsing – Le Figaro   ...News

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Value of French chateaus collapsing – Le Figaro  
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Mansions prices have plunged up to 25% amid a real estate crisis, the outlet has said French chateaus have slumped in price as a real estate crisis continues to affect the market, Le Figaro reported on Sunday.  Over the past year, chateaus have shed 20-25% in value while traditional residential real estate has dropped by 5-10%, the outlet said.  France is facing a property crisis, with sales down by around 15% compared to last year. House-building has fallen to levels not seen since 2010 as buyers are confronted with prohibitive mortgage costs, industry experts say. Despite their prestige, French chateaus, numberi

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