Is that your interpretation?
Will the market bear a drop in people willing to purchase in Paris? It's beginning to be very hard buying in Paris.
I know that where I work - IT engineers in a large bank, couples can't buy a two bedroom apartment in Paris. Un roi sans divertissement est un homme plein de misères
What a wonderful city, of course. I can understand how prices would be bid up there. But of course it's a huge problem if you work there to not have affordable housing.
Also, renters are very thouroughly protected by law - it's impossible to evict a renter unless at the end of a 3 years term, and then the owner must warn 6 months beforehand.
Central Paris is not much attractive to children, and thus not attractive to buyers - most are likely to end up living in the suburbs or the rest of France when they get children.
The big problem in Paris is that Paris "intra muros", which is the size of Manhattan in a New York -sized city, is the only part that is well connected with mass transit. So the suburb are not very attractive. Un roi sans divertissement est un homme plein de misères
Another feature of the graph is that it goes mostly counter-clockwise [as expected, if you think about it: volume increase -> price growth -> volume decrease -> price decrease] and that when it goes up or to the left it can do it straight, and [the first point I raised] quite fast in the case of going left [rapid contraction at constant price, halting expansion and price decline, sustained price growth at maximum capacity]. "It's the statue, man, The Statue."
