Real estate in France

To follow up on my previous post on the subject, and after what seems a very long wait, French Notaries finally decided to come back to work after 3 months of summer holidays and publish the real estate price levels for June 2009 (3 months lag...)

The collapse is real, but denying persists (click on images for sharper view):



Their conclusion:

Entre lèger redressement des volumes de ventes et baisse sensible des prix, y compris à Paris, le marché immobilier montre des signes d'amorce de sortie de crise selon les chiffres (volumes et prix) des Notaires de Paris-Ile-de-France.

Roughly translates into:
After a slight increase in volumes and quite a drop in prices (including Paris), the real estate market shows signs of improvements and according to the figures of the notaries of Paris (volumes and prices), the crisis is about to end.

Looks like they still believe in Santa. These are ugly figures, and have probably never shown so much weakness in modern history (except of course, in previous 2009 months):