Wed, 30 Jul 2014 09:21:15 GMT
French housing market is collapsing
François Hollande, the President of France, earlier this year implemented a law that caps rents in expensive neighbourhoods. In order to protect homebuyers, the law also increased the quantity of documents that have to be provided by sellers. This led to a drop in housing starts and permits during the second quarter of 19% and 13% respectively. Although the damage