Wealthy investors consider French properties
Luxury French property sales dipped during the latter half of last year, in part, due to possible tax hikes planned for sales of real estate in France. Several leading French property agents noticed a drop in demand for prime properties across the country as rumours of high tax penalties surfaced. Prices for prime properties have dipped and now demand is starting to increase particularly when the selling price reflects good value for money. The tax changes outlined in last autumn’s budget by the French President Francois Hollande has been perceived as less severe than first hinted at and international investors are cautiously returning to the market for long term investment choices. Officials will continue to observe the condition of the market and further tax changes may be introduced. The French property market is acknowledged as one of the most sought after second home destinations across the world and is particularly popular with northern Europeans.