Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
With François Hollande as President, the first Socialist President elected since Mitterand, many are wondering how this will affect property values and taxes, as well as what other changes might be in store.
Take a look at these interesting numbers that break down from which countries international buyers are coming:
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?
