France weathers worldwide housing price bust
October 9, 2008 The Web in France
France and especially Paris seem set to withstand the worst of the drop in residential real estate prices.
It’s only news in the US — the real estate boom is well and truly over. prices are falling around the country as foreclosures turn real estate auctions into fire sales. The trend, albeit on a less catastrophic scale, is starting spread around the world, with Britain, Spain and Ireland seeing home prices falling. France has begun to feel the effects of the housing-price meltdown trend, but some signs indicate that France, and Paris in particular, will weather the storm better than most countries in Europe and certainly better than the US. Read the rest of this entry »
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