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400 1 million euro homes for sale since Hollandes elected


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What potentially could clobber the French property market further is the proposed reform of local property taxes, which is currently under consideration. This would enable local regions to considerably increase the tax on properties to make up for the substantive fall in central funding from Paris.  Those Brits that highlight one of the benefits of living in France being lower property taxes, could be in for a shock!
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[quote user="Sprogster"]What potentially could clobber the French property market further is the proposed reform of local property taxes, which is currently under consideration. This would enable local regions to considerably increase the tax on properties to make up for the substantive fall in central funding from Paris.  Those Brits that highlight one of the benefits of living in France being lower property taxes, could be in for a shock![/quote]

Another nail in the coffin for the market[blink]

 

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