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Realistbear

" Euphoric" Flow On Money Into Paris Houses Slowing

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http://www.bloomberg.com/news/2011-06-21/paris-housing-market-stalls-as-record-high-prices-deter-buyers.html

Paris’s housing market is stalling as buyers are deterred by record prices following two years of gains that outstripped London and New York.
Average prices fell by about 3 percent in the first five months of the year, according to an index compiled by Databiens.com based mainly on reports from the city’s affluent western districts. While it’s the only gauge so far to register a drop, other indicators show that transactions are falling and the time it takes to sell a property has almost doubled from a year ago.
The flow of money, which was almost euphoric, has halted
,” said Laurent Lakatos, the founder of London-based Databiens. “There’s been a pickup in the number of apartments offered at a discount.”

Mons douche mons douche, creme de menthe! :o

I was not aware that the French had succumbed to property "euphoria"--thought that was something Anglos and Irish did.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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