Spotlight on French Luxury Property sector

Since the implementation of the latest tax reforms, a good percentage of the wealthy population of France has emigrated to countries with better opportunities. As owners vacate their homes in France, their properties are being put up for sale in order to attract interest from overseas investors who are looking to purchase a second home in a popular destination.

Due to an increasing number of vacancies, house prices in the country have fallen by almost fifteen per cent for real estate assets that are worth two million plus Euros. Source: property-abroad.com

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