London leading the charge…Switzerland, Monaco and the South of France sparkling to life…
(Source: The Wall Street Journal)
After sharp falls during the credit crisis, prime residential property prices in Europe are beginning to regain their poise, fueled by investor appetite for direct investment opportunities, cheap money and exchange-rate advantages.
London is leading the charge, but residential property in Switzerland, Monaco and the South of France is also sparking to life.
The downturn hit prime property — those valued at €2 million and above — hard. Central London prime residential property fell between 20%-30% from peak to trough, say estate agents.
Read the full article by Tara Loader Wilkinson, “Prime Property Prices Begin to Stir” in the Wall Street Journal (Nov 27, 2009).