Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
The higher rate of capital gains tax imposed on those who live outside of Europe’s borders is coming under important legal scrutiny. Non-resident owners of French property are liable for capital gains tax in France upon sale. They may also be liable in their home country, but in most cases bilateral tax treaties will France […]
Question: Is there a way to sell a second home property in France and “roll” the gain into another second home property without paying or paying a small capital gains tax?
The eurozone crisis isn’t fazing international property buyers in Paris. In fact, in the second half of 2011, the Paris real estate market posted the highest sales numbers of all European countries, according to a report by CBRE.
Paris real estate prices went up 1% in March after several months slightly down according to MeilleursAgents.com. Prices are up in much of the area surrounding Paris as well.
Question: What do you think is a reasonable price for a fractional? That is, if you think the true market price of a property is 500.000 euros, what would be a reasonable price for a 1/13th ownership? Would it make a difference if the months are fixed?
Question: How did Haussmann pay for the renovation of Paris? Answer: I had to go to Wikipedia for this one because I didn’t know. After all things were not in good shape after the revolution! Wikipedia says Napoleon III, and engineers such as Michel Chevalier or entrepreneurs like the Pereire brothers, believed that
Question: Hi Miranda, what is your favorite arrondissement or neighborhood and why?
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