Property market specialist, Home Hunts, a leading buyer’s agent for luxury property in France, Monaco, UK, Switzerland and New York has announced its belief that the election of Francois Hollande will not affect the buoyancy and stability of the top end of the French property market.
In May, Francois Hollande became the first socialist president in France for twenty years. While his campaign – which featured the slogan “le changement c’est maintenant” (“change is now”) – indicated that his presidency would effect changes within the property market, with the right investment advice investors can minimise any financial impacts.
As buyer’s agents, Home Hunts works on behalf of its clients and always assists them with the fiscal optimisation of any property purchase. “A new president does not mean a completely new government,” said Tim Swannie, Director of Home Hunts. “However, there will be some changes to taxation, following the election of the new parliament in June, such as inheritance tax allowances, wealth tax and possibly capital gains tax – although what exactly this will entail is not completely clear yet.”
France constantly rates as one of the most secure countries for property investment. High net worth individuals consider Paris to be one of the world’s safest havens, along with London and New York, and French locations such as Cap Ferrat, Courcheval, St Tropez and Cannes are among the most prestigious and highly valued in the world.
So far the change in presidency has not affected the continuing growth in French luxury property investment, which has been encouraged by a favourable exchange rate for international buyers.
“We had a record month in May 2012, so the market seems very buoyant at present,” said Tim. “Buyers appear to be taking advantage of the positive exchange rates and we have been able to negotiate some fantastic deals for our clients. Despite the changes that could come into play we expect to see a continued increase in French luxury property investment from both European and international buyers.”
New To Market – Les Hauts de Saint Paul – Guide Price €6.5m (approx. £4.9m)
Happy Days is a very appropriate name for this superb 5-bedroom, 5-bathroom refurbished villa of 500 sqm in the exclusive domain of Les Hauts de Saint Paul. Commanding a high position this flat plot of 5000 sqm offers uninterrupted panoramic views from Cap Ferret to Cap Antibes and beyond and was originally built for the film star, Rex Harrison. The domain retains its appeal to the rich and famous with several A-list neighbours.
The introduction of a contemporary mix with the original features and Armani furniture works extremely well. Now surplus to requirements, the owner is very motivated to sell and serious offers are invited.
For more information, go to: www.home-hunts.com