Financial Times FT.com

Paris maxed: The eurozone braces itself for a French property downturn

By Ralph Atkins in Paris

Published: September 23 2008 20:03 | Last updated: September 23 2008 20:03

gargoyles and Paris skyline

Flats in Paris are coveted the world over. But for property owners in France’s capital, some sleepless nights could lie ahead. The French housing market is creaking, with turnover plummeting and prices no longer rising. After the sharp corrections seen in fellow eurozone members, Spain and Ireland – as well as in the US and UK outside the 15-country bloc – France might seem next in line for serious disruption.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this