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Latest Articles - Luxury

How To Wear A Wrist Watch Properly – The Lesson of Style

When purchasing watches, no one is questioned with how to wear watches, actually. This appears to be logical and rational. Nevertheless, the simplest things happen to be complicated sometimes. Everything is made from details and details sometimes mean far more than the whole. People who really wander how to wear watches properly exist and they are really concerned in this issue.


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The Cuban leader Fidel Castro, a revolutionary Che Gevara, politicians Winston Churchill and Bill Clinton, writers Somerset Maugham and Mark Twain, the actor and the political figure Arnold  Schwarzenegger – these names are well-known and these figures are best known to the world for their political, social, literary and other achievements. Moreover, the abovementioned people highly esteem cigar smoking and, thus, they come as people who own the greatest number of tools and accessories so requisite for this leisurely process and among others there are cigar lighters.


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Real Estate in France

Sunday, 09 August 2009

real estate franceThe world's financial and economic crisis excited the real estate market in different countries, on the one hand, since the real estate is an evident security to save the money assets which, shifted into the immovable property, are no longer affected by inflation and other market perturbations as the paper currency. However, with such an incentive, the real estate is losing its worth almost in all countries, yet many banks wind up mortgage and crediting programs.

Yet, the capital of France has been experiencing this difficulty. The real estate falls in price, and it is not demanded that higher as before.

Real estate companies in France announce that since 2007 the real estate boom came to its gradual end not only in Paris but throughout France. Only the immovable property at Cote d'Azur is steadily demanded but in Paris there was check to prices for real estate in 2007, then it fell to zero. Within the year 2008, the prices for French real estate fell to 10% under the estimation of French real estate brokers.

According to the official sources the prices for the real estate in Paris are steady, and the property is still demanded. In spite of the time of crisis, the steady breakthrough is still observed.  It is not that higher as it was earlier, only 2,4% per year, though price goes up not down.

Nevertheless, the international expert companies state that there is nothing to do with breakthrough for real estate in France. Foreign market analysts agree with the French colleagues that prices are going down definitely. The figures differ from country to country, though.

The prices for the real estate in France go down especially in areas of good address. The point is that the elite housing has been acquired by investors from other places than Europe.  The French government reported on the results of the survey held earlier that the elite housing is acquired by 24% natives of USA and Canada, 35% natives of South America, and 42% natives of Middle East, Asia and Africa.

Consumer demand falling and considerable drop in income in the whole world affected the demand for the real estate in France either. Moreover, investors do not feel like purchasing immovable property by the previous prices. This is important to know that the landslide of prices for the real estate was significantly affected by winding up of mortgage programs by banks, more strict requirements to borrowers and unfeasibility to render crediting services by banking institutions.

Middle class purchasers do not find the real estate in France beneficial while immovable property in Paris failed to attract investors. Though sometimes expensive and prominent real estate objects are purchased exclusively in the sector of the elite housing.

Currently the real estate brokers in Paris expect rise in demand for the real estate. Since now, when the demand is decreased for 20% with prices falling gradually, the average purchasers feel opportune to get the housing that they could not afford earlier. Good old rule of all broker's houses to buy at fall and sell at rise. Yet, the stagnation periods are customarily promising for those who tend to purchase.

Rise of interest to the real estate in France is anticipated in summer and autumn of this year. Experts suppose that by this time the market of the French real estate will have come to its end and investors will start long-awaited purchases. Presently the apartments in new developments in the outskirts of Paris cost within 70 to 100 thousand Euros. This is cheaper than it was two years ago, though a little bit more expensive as «crisis» investments. Especially as the crisis at funds markets and other shocking events in the economical sphere cause potential real estate investors ride on the fence.

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