Lefigaro just published an article that allows for point with the real estate market in Paris. The paper indicates that the overall market is stable but it actually hides large variations.
Overall, the west and center of Paris saw house prices rise while the North and the East see their prices fall. Quite normal, the correction was expected in neighborhoods in decline. This area, historically cheap does not justify the strong increase in recent years. The West is still considered by including the high level of household income. On average, prices in Paris were down 4% in 2009.
The real estate professionals indicate that the housing market can be a concern especially with the return of the small volumes. weakness due to lack of assets to sell and that the blow could cause a new boom that would fuel the current housing bubble.
Overall, the west and center of Paris saw house prices rise while the North and the East see their prices fall. Quite normal, the correction was expected in neighborhoods in decline. This area, historically cheap does not justify the strong increase in recent years. The West is still considered by including the high level of household income. On average, prices in Paris were down 4% in 2009.
The real estate professionals indicate that the housing market can be a concern especially with the return of the small volumes. weakness due to lack of assets to sell and that the blow could cause a new boom that would fuel the current housing bubble.
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