Great Choice of Property in France As Residents Emigrate

  • 12 years ago
  • Uncategorized

The choice of luxury homes in France is
beginning to improve as a result of the country’s recent Presidential
election.  The Daily Telegraph reports that many wealthy French families are
‘fleeing a proposed new tax rate of 75 per cent on all earnings over one
million euros’ (around £780,000).

With estate agents reporting that many
luxury French homes are coming onto the market, now could be the perfect time
to buy.  Keep reading to learn

French property
owners selling luxury homes to escape new taxes

A leading overseas estate agent has
reported that its French offices sold more than 100 properties worth over 1.7
million euros between April and June this year – a marked increase on the same
period in 2011.

Alexander Kraft, head of
Sotheby’s Realty, France, said: “The result of the presidential election
has had a real impact on our sales. Now a large number of wealthy French
families are leaving the country as a direct result of the proposals of the new

“These properties are then
bought up by foreign investors looking for a stable real estate market like
France to invest in.

“It shows the high-end
property market is holding up very well, even in these difficult times.”

Wealthy French families are looking to
relocate to either Britain or Switzerland to avoid the Socialist government’s
planned higher tax rates.

We are seeing lots of wealthy French
families putting their homes on the market as they look to move out of the

This is increasing the choice of
luxury French homes available to overseas buyers.  So, if you’re looking for a French home, now is the perfect
time to buy.

Author : Nick

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