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Posted by MDGParis on 12-Jul-2007 :: Views: 2912 :: Posting ID: 19364

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Update:

1 euro equals 1.41 USD

New York:

The dollar fell to a record low against the euro on Tues, before recovering slightly, as investors fretted about a possible fallout from weaknesses in the US subprime mortgage market.

"The dollar is a basket case," said Peter Schiff, the president of Euro Pacific Capital. "We are going to pay the piper for years of having the underlying fundelmentals of our economy disintegrate beneath our feet."
...

Given the state of the US economy, Schiff of Euro Pacific Capital said, "the dollar could continue to fall in the coming years against the euro to $2.50 or even $3."

The good news?

Paris property prices continue to increase at approximately 6-10% per year depending on the district, and french mortgage rates have are still around 5%.

If you had purchased a property five years ago, you would be up 60%, and still looking at dramatic increases.

One aspect the experts agree on, the dollar is not going to get any stronger.

We've been advising our clients of these facts since we opened for business here in France almost 5 years ago.

We have many wonderful properties (Studios, 1/2 Bdrs, Villas) for sale throughout Paris and France (prices begin at 100,000 and range up to 1,500,000 eruo) and we can walk you step by step through the process. We have an established network of Banks, Agencies, Notaires, Attorneys, and Legal/Tax Experts located right here as our co-partners. We have over thirty years of real estate and architectural experience and can customize our services to your specific needs.

Please feel free to drop us an email or call if you are thinking about purchasing property here in France.

From the news article this past week..."It's later than you think!"

Acquisition - Financing - Management

M D G - F R A N C E
Paris - Nice/Cote D'Azur - Bordeaux - Normandy
33 (0)6 21 21 13 55
http://www.mdg-france.com

• Contact: Philip Gordon
• Tel: +33 (0)6 21 21 13 55
• Price: 500000
• Currency: EUR
• Term: Purchase/Sale
• Rooms: 4
• Surface area: 48
• Features:
  - Furnished
  - Equipped
  - Near Metro
  - Quiet
  - Sunny
  - Elevator
  - Hardwood Floors
  - Fireplace
  - Bathtub
  - American Kitchen
  - Terrace
  - Garden
  - Digicode
  - Interphone
  - Parking
  
• City: paris
• Address: rue de Seine
  » Show map
• Closest métro: Saint-Germain-des-Prés
• Métro line: 4
• Arrondissement: Not specified.
• Post code: 75006
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