Will there be luxury houses cropping up all over france?

The president of France has announced his decision to overhaul the wealth tax reform system. He plans to increase the tax limit next year and this has caused frenzy amongst the media.

One outcome of this news is that luxury property developers are already starting to target the rich and trying to entice them into purchasing property in some of the more secluded areas of France. Luxury accommodation and lavish properties are going to be very attractive to those wealthy foreign investors; as this proposal by President Sarkozy means that wealth tax will only be payable on much higher amounts of prosperity now.

This could be good news for those in the property development business. Although this decision has only just been announced, it’s almost certain property developers who have caught wind of this news will definitely be making plans to branch out to the wealthy and try to encourage those to look into property in France.

France has lots to offer in terms of location, scenery and architecture. France has some of the most varied regions in terms of weather and culture. Depending on your preference France can offer property with stunning scenery in the mountain tops in regions such as the Pyrenees, the Alps and Massif Central or with spectacular beaches alongside the Mediterranean and Atlantic coastlines. The combination of its fantastic surroundings and now this increase in the tax limit should mean that an increase in high end property is almost inevitable.

Source: BuyAssociation.co.uk