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Winkworth French Market Report – Spring/Summer 2009

April 23rd, 2009

Past experience has shown that France does not experience the boom/bust culture to the same degree as ‘Les Anglo-Saxons’. In good years the French do not benefit as much as the British or Americans, but they rarely enter recession as deeply. This is primarily due to higher state involvement in the economy (particularly taxation and strict bank lending criteria) and also a relatively low percentage of property ownership. Nevertheless, France is not escaping ‘global’ recession and since mid-2008 property sales have fallen with price reductions sometimes up to 30%.

Our French property experts discuss recent activity within their individual markets…

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