Interesting consequence of the GFC is that the French government is selling Australian property to reduce their $2.1 TRILLION national debt. In November they sold a house in Bellevue Hill for $23 MILLION, after buying it 50 years ago for $26 THOUSAND.
Now they have put a property another Bellevue Hill house for an estimated $6M, fifteen years after buying it for $3.75M.
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Selling property in France is a very lucrative business. Selling property in France does not result in much profit. Most buyers usually buy the property that they intend to own all their lives and not just for rent.
ReplyDeletesell property quickly