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Latest update: 27/01/2011
- France - housing - Paris - prices
Parisians squeezed out of housing market
In parts of Europe, the economic crisis has hit the housing market hard. Yet in France, house prices continue to climb steeply - nowhere more so than in Paris, where you can expect to pay around 8,000 euros for each square metre of living space. And with values jumping by another 20% last year, experts now worry that the country's capital has priced most house-hunters out of the market.
Programme prepared by Kate Williams, Marie Billon and Patrick Lovett































Comments (1)
Parisians squeezed out of housing market
"the country's capital has priced most house-hunters out of the market."
Well of course. That's been the official intention bsince 1981 when Chirac and Mitterand's bands joined up to drive normal people out of the city by making real estate the country's prime source of economic wealth. Under the table and over the table, they all became very, very rich and so did their builder and speculator friends. Paris was programmed to be the center of business and businessmen. Everyone else got the boot. This isn't even news!
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