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French real estate market faces crunch

Posted on 21 January 2013

France’s economic foundations are cracking. Unemployment hit 10.5% and is incessantly rising. The private sector is becoming comatose. Now home sales are grinding to a halt. And the finger-pointing has already started.
In the lofty realm of apartments in Paris that are valued at €2 million or higher—€2 million doesn’t buy all that much in Paris anymore—a game of chicken is apparently transpiring. The number of transactions crashed by 42% in 2012………………………………………..Full Article: Source


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