The 1st Quarter of 2009 has seen small drops in prices in Paris for the first time for 10 years. This was indeed one of the possible effects on the Paris Property Market as suggested by the Notaires of Paris. The latest figures for the 1st quarter do show a fall in prices over the last 3 months across Paris, however, looking at the percentage variation over the year to the 1st Quarter, this could be seen as a slight downturn, after a period in which price rises began to slow down.
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Recently, Christian Lacroix and Kenzo Takada both put their Parisian apartments up for sale, giving everyone a glimpse of their fantastic homes. This got us at Flat Hunter thinking, who else from the world of fashion lives or has lived in Paris? We take a look at 10 designer apartments in Paris both past and present.
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Whatever stage you’re at with an overseas property, whether buying, re-mortgaging or selling, fluctuations in the currency market will affect the amount you receive from your international payments. The British Pound has had to endure an absolutely torrid time over the last six months.
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The golden triangle (between the Champs Elysees and the Seine) is the most elite area on account of its exclusive character, with flagship designer stores such as Dior, Prada, Chanel and Givenchy, as well as luxury hotels like the Plaza Athenee and George V. The Champs Elysees, overlooked by the Arch de Triomphe, is a hive of business and tourism with its offices, cafes, bars and galleries of boutiques and is host to many national events and celebrations.
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Paris remains one of the cheapest capital cities in the world, in terms of property prices, and it is also the most visited. In the long term, it is impossible that a property in the centre of Paris will decrease in value.
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