France

ETHNIC FRENCH LEAVING PARIS AS FOREIGNERS BUY UP HOMES…….

 

Paris becoming another Brussels with population displacement.

The Flaams were once the overwhelming majority in their ancient city, now they’re a minority, with Muslims and everyone else and their brothers replacing them.

Foreigners snap up Paris homes as French exit

Foreigners snap up Paris homes as French exit

Foreigners are buying more real estate in Paris as the French buy less. Photo: AFP

Published: 11 Sep 2014 17:24 GMT+02:00

Italian, Chinese, Algerian and Portuguese buyers make up the bulk of the foreign contingent buying properties in the Ile-de-France region around Paris, real estate group BIEN said.

Foreigners are mainly getting a bigger slice of the real-estate pie because fewer French nationals are shelling out for homes in the capital.

“In fact, the volume of [foreigners’] transactions has remained stable; it’s the French who are buying less,” Paris notary Thierry Delasalle told reporters at a news conference on the capital’s sales figures on Thursday.

More here.

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