[montag813]

The rising euro makes German cars and French champagne and other European Union exports increasingly expensive

But it makes Manhattan real estate very cheap for them, and they are snatching it up big time, leading to the highest prices ever last quarter, as the rest of the nation slumped.

[SaxxonWoods]

“..as the rest of the nation slumped.”

That part of your statement is a bit overwrought. Out of 150 real estate submarkets in the USA, 77 are currently experiencing price declines and 73 are experiencing price appreciation.