Property in France

More realistically priced properties are coming onto the market in the usually pricey French Riviera as those wishing to sell realise that they need to drop their asking price.

Property investors are driving a hard bargain and want to see better value for their money and they are often wise and well informed before committing themselves, according to an analysis from Property Vision France.

A tax change in the New year which allows certain real estate investors to avoid paying tax on certain properties in France is set to change the dynamics of the European property market, it is claimed. 
From 1 January 2010, companies and trustees managing investment funds in the Channel Islands, Isle of Man and British Virgin Islands will be able to invest in French properties free of the French annual 3% tax on their open market value.

This will radically alter the flow of funds within Europe and represents a genuine threat to any recovery in the UK property market while boosting the French market, it is claimed.