Tuesday, Aug 26, 2008
Views of the Eiffel Tower from the balcony...
Bloomberg: French Unsold New Homes Reach a Record as Economy Contracts
"France's stock of new, unsold homes reached a record in the second quarter, when the euro region's second-largest economy shrank. The difference between the number of new homes put on the market and those purchased reached 110,500 in the three months through June, the Environment Ministry said in an e-mailed statement sent late yesterday. Sales dropped 34 percent in the quarter from a year earlier, it said".
Posted by alan @ 08:40 PM (406 views) Add Comment
3 Comments
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1. tyrellcorporation said...
Well at least if the pi**-pot houses in this country stay high we can buy a nice house in a country with a decent bloody climate in a few years time!
2. Will said...
tyrel----
Why would huse prices fall in France but not the UK?
3. inbreda said...
I hope so TC - it was my plan until the exchange rate ruined it.