Richmen return to the French market

Richmen return to the French market

Rich people are investing in the French real estate again, because the state has made the rules of charging capital gains tax clear.

French real estate agents argue that wealthy people gradually return confidence in the French market after it has been shaken by the controversial actions of President Francois Hollande associated with tax benefits and future capital gains tax.

However, the decision to reduce the period of exemption from 30 to 22 years and the introduction of a temporary tax credit of 25% in the period from September 1, 2013 to August 31, 2014 made some wealthy Frenchmen return home.

Interest rates on mortgages are also at a minimum: only 2.1% for the credit covering 80% of the price of the object. These are ideal conditions for wealthy investors. Prices continue to decline in the central regions of the country, which allows buyers to purchase a wealthy prestigious residential cheaper than before.