Property buyers see France as a safe haven, experts believe | Europe | News
Popular regions in France are continuing to attract property buyers with the more wealthy looking for areas that they regard as a safe investment.
Also neighbouring Monaco is set to attract more wealthy buyers as a new law reduces the amount of tax payable on property.
The new 1381 law reduces the registration tax payable by individuals purchasing a property in their own name from 7.5% to 4.5%.
This will encourage buyers, according to Paul Humphreys of Knight Frank's France, Monaco and The Alps team. He also believes new developments, including the landmark Tour Odéon project, will create a new benchmark in terms of luxury living, something the Monaco market has lacked for a number of years.
The latest data from Knight Frank’s Global Property Search website shows interest in properties priced between €1 million and €5 million in Monaco increased the most of all price brackets in 2011, with search volumes rising by 74%. This was followed by the €15 million plus bracket, which saw interest rise by 55% year on year.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment