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Real Estate Sales Collapse in Paris

Words Wrote: Nov 18, 2012 7:51 AM
This is not surprising. One of the things that makes Paris such a nice place to visit, is that there are a lot of wealthy people living there. A small one bedroom condo (or whatever they call them there) costs around 500,000 Euros. There has been a mass exodus of the wealthy from France. The citizens of France voted to destroy the rich, and instead of destroying them, the rich moved. The richest man in France recently moved to Belgium. Some have moved to Canada. They are destroying Paris with their stupidity. It won't be long before it becomes just another impoverished dangerous city nobody wants to go to.
Greg1084 Wrote: Nov 18, 2012 8:56 AM
Paris proper has had a declining population for decades. It's getting to be like Venice. Only a few super-rich can afford to live within the city itself, but in the daytime it looks full because it fills because of the tourists and the commuters.
Greg1084 Wrote: Nov 18, 2012 8:57 AM
I wish we could edit our comments like on Disqus.

Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France. Via Google translate, please consider Real Estate November 2012: figures for the month. Here are a few translate-unedited snips.

2012 will remain a very bad year for real estate professionals. In this comprehensive figures on the property market in November 2012, discover the sharp decline in real estate sales in Paris and Ile-de-France.

Even in Paris, it becomes difficult to...