“The market for high-end homes is suffering from a lack of demand and too many properties for sale, French-language daily Le Matin reported this week. The Collins’ residence was just one example of luxury estates in the Lake Geneva area that are not fetching the prices sought by vendors. ‘The demand is less strong these last few months,’ Cyril Aellen, chairman of the Geneva real estate chamber, is quoted as saying by Le Matin. In the upscale Geneva municipality of Cologny, no fewer than 20 mansions are for sale. And Le Matin notes that the luxury market has faced a sharp slowdown in activity over the past 10 months.
http://www.thelocal.ch/20130820/market-for-luxury-swiss-homes-turns-downward
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Hostess, maker of Twinkies, to go out of business after nationwide strike
Rome police bust massive marijuana plantation under Bank of Italy
Study: High-volume Bitcoin exchanges more likely to suffer breach
Jordan says Syrian prime minister has defected with family
Treasury announces GM exit strategy; automaker buying 200 million shares from U.S.
Brazil hackers accidentally attack NASA as payback for NSA surveillance
Why cash may never die
U.S. gives seal of approval to Egypt’s new leaders
ICE abducts 146 workers in raid on Ohio meat facility
Floating Nuclear Power: Inside Russia's Reactors at Sea
PBS: It's No Bubble - Why We Should All Give Bitcoin a Chance
California poised to become first state to impose full ban on lead bullets
Luxembourg uses veto power to kill EU tax haven crackdown, for now
New German hate speech law tested as Twitter blocks satire account
A Black Box for Car Crashes