Crisis. As the world markets spiral and speculation runs rampant, an impending “crisis” seems to be the somber thought on everyone's mind. Burdened with the very public failures of several international financial institutions, along with the baggage of the existing lending crisis facing many parts of the developed world, the global markets have been sent into a tailspin of epic proportions.
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By Tahminae Madani of France Home Finance
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The volatility in world financial markets continues to have far reaching implications for individuals looking to buy and sell property abroad. Concern over the state of the world economy, recession fears and soaring commodity prices have caused considerable movement during 2008 to date in the value of currencies. Obviously this can have considerable repercussions on the price an individual will pay for a property between when the price is first agreed, and finally paid for.
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The 1st arrondissement, in the heart of Paris, is a lively tourist area with some of Paris’ most well known landmarks: Palais du Louvre, Tuileries gardens, Palais Royale, Sainte Chapelle, Place Vendome, the old market place Les Halles and the beautiful St Eustache Church.
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An Interview with Jérôme Martinet, founder of Flat Hunter® and pioneer of the property search business in France
The prices in Paris continue to climb, unlike in certain regions in France where the prices are decreasing, especially for newer buildings and developments. The Parisian micro market is not expandable due to the lack of developable land (Paris is 15 times smaller than London but only 3.5 times less populated) and the restrictions on construction heights due to protected or classified buildings...
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