23.06.2011 - High prices in Paris stall housing market
Housing prices in Paris have steadily risen for the past two years, outstripping both London and New York. And after two years, buyers are getting a little nervous, resulting in a market “stall” as the time it takes to sell a property stretches out to nearly double what it was a year ago. Calling the flow of money over the past few years “almost euphoric,” Laurent Lakatos, founder of Databiens data and investment firm, notes a significant “pickup in the number of apartments offered at a discount.”.............................................Full Article: Source
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