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Bordeaux property prices slump

Property prices in parts of Bordeaux have dropped considerably due to a slump in French wine sales.

It is reported that property prices in some parts of the region have now fallen by as much as 30% since 2003, yet 2006 offers little promise that market conditions are set to improve.

"Theres no such thing as a standard price, rather a property is only worth what buyers are willing to pay," says Jean-Christophe Mau of negociants Yvon Mau.

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