Cliff Peskin

June 10, 2010

France’s debt is about €1.49 trillion Euros. In order to help lower this monumental debt the country is selling off 1,700 government owned buildings.

Foreigners are welcome to bid on the properties but local authorities get first dibs. So, if you’re interested in picking up an 18th century French royal hunting lodge in the Saint-Germain-en-Laye forest west of Paris nows your chance.

According to French budget minister Francouis Baroin, France has too much property and must get rid of “useless and unadapted building.”

The only buyers who won’t qualify for purchasing are those with shady track records and dirty cash. All buyers, including movie stars and foreign governments will go through thorough background checks.

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