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Archived Articles  Simeon Mitropolitski is a Canadian analyst, of Bulgarian descent, and former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with the hot political and economic topics, both Bulgarian and international. ("A Royal Solution." World Press Review. June 1997, provides English versions). He was part of the first group of Bulgarian intellectuals that began the opposition movement that finally put an end to the communist regime in the country, and in 1996-1997 participated in the international monitors' teams during the elections in several Balkan countries - Romania, Albania and Bulgaria. In 1999 he was among the few Bulgarian journalists that supported NATO military operation against Yugoslavia. In 2002 Simeon and his family emigrated from Bulgaria to Canada where they now live in Montreal, Quebec.
Global Real Estate Project
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France: Two-speed market reactionThe Euro-American real estate market slump has reached France. Unlike some other countries, the market reaction in this key European nation is more complex. The recent market growth, although significant, approximately 100 percent between the mid-1990s and 2007, wasn't as prominent as in some other European countries. Therefore, the analysts expect, the slump wouldn't be as deep either. The market reaction in France, more interestingly, is two-speed. Paris keeps growing up, although at slower speed. Its suburbs and the French regions, however, are already moving in the opposite direction. The new real estate crisis is real. In many countries, where several made fortunes on the real estate appreciation in the last few years, the properties are getting cheaper with every month passing. Among them, France, a key European nation, has seen its market reaching historic heights by 2007. Now, officially, it's over. The national market, in general, is moving down, by 3 to 5 percent in 2007 and probably by similar margin in 2008 too. Only Paris defies the general trend, being up by 10 percent in 2007, for how long, nobody can give good answer because the reason for this capital city exception isn't very well studied. The main causes for the market 'correction' in France are very similar, if not identical, to those cited in other countries from both sides of the Atlantic. People in France say the market levels have attained are very high for their budgets; that the general purchasing power is down, making other spending higher priority; finally, the interest rates are generally up, even after the most recent easing. As a result, more and more among those that express some willingness to buy finally renounce to confirm their intentions. There is something more than just material factors playing. The mood of the potential buyers has changed radically since 2007. People feel uncertainty, express doubts, and prefer waiting and seeing how the market will go further. An additional uncertainty comes from the governmental activity; after a year in office and the presidential and governmental mea culpa, nobody knows exactly what the new political priorities might be. And the government in France, unlike in some other western countries, has enormous potential to influence market forces in both directions.
Germany country profile --------------------
See also the directory of companies providing real estate services in, and general real estate information of France.
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