Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Wealth Tax Reform Beginning in 2012, if your net wealth in France exceeds €1.3m, the total value is subject to wealth tax. Previously €800K could be exempted, but not anymore. If your property is valued at less than €1.3M no wealth tax reporting is required. The good news is that
A number of factors are exerting downward pressure on the Paris real estate market, including tax reform, rising interest rates and the Euro zone crisis. But, global factors, such as an influx of buyers from
The economic crisis in Europe seems not to have deterred foreign buyers from investing in Paris real estate. According to Euronews, French real estate agents are reporting sales of luxury
Paris has been named one of the best performing cities for real estate investment following it’s impressive price growth in 2011.
According to Jones Lang LaSalle in its 2011 Global Capital Flows report, there was US$411 billion of direct commercial investment globally in 2011, a 28% increase over 2010.
Barracks, land, old prisons, offices, mansions, houses and apartments: over the next 3 years, the French government is planning the sale of nearly 2000 properties in Paris and throughout France, for an expected 2.2 billion euros in revenue.
The New York Times featured a telling story last summer of a young couple moving from London to Paris, bringing their Paris real estate dream to life. As property prices in Paris have soared in recent years, bolder buyers are moving away further and further away from
In May of 2011, Paris Property Group founder Miranda Bothe contributed a post to the lovely HiP Paris Blog…it tugs on the heart strings of making your real estate dreams in Paris come true. Have a read:
Despite the hard times that have faced France and the European economy in the last year, real estate in the French capital is still providing a safe and sustainable investment. Prices in Paris rose a historic 2.7% in the last quarter of 2011, making Paris reputably some of the most expensive ‘bricks & mortar’ in […]
Property taxes are everywhere in the world, but in France, there are two particular types you need to know about. First, the taxe foncière, a property tax for which the owner is liable, and a taxe d’habitation, for which