Decline in housing starts, new home sales to drop since late 2007, expected prices down in 2008: signs of a slowdown accumulate the French market for construction and real estate this year.
The number of building permits, which gives an indication of future trends, fell respectively by 19.1% over three months and by 5.3% over one year. The
Housing starts fell 7.1% over the three months to end January at 94,588 units, while registering an increase of 0.7% year on year to 433,050 according to figures released Tuesday by the Department of Ecology, Development and Spatial Planning
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