| 28.10.2008 - US credit crisis hits property prices in Paris |
| From Propertywire.com: Property sales in fashionable areas of Paris are struggling as US investors are feeling the effects of the global credit crunch. The volume of apartments sold fell 20% in the year to May, according to the latest available statistics from the Chambre de Notaires de Paris. One of the problems is that Paris attracts fewer buyers from Europe than the rest of France, with only 3% of second homes owned by Europeans..... Full Article: Source |