Quote:
Originally Posted by mhays
In most places, interest rates have a big effect.
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They went up over here in France, which has caused the real-estate market to go depressed.
People have been struggling to get loans over the past couple of years, so the amount of real-estate deals has dramatically collapsed.
When they can't get any funding to buy their own condo, they're driven to the rental market, that's very tense in Paris at the moment.
I didn't see too many projects canceled where I am. Only one or 2 bit the dust out of a dozen in my district, to my knowledge.
But of course, it would be a relief to everybody if the market could go easier to young couples trying to purchase an apartment for a 1st time.