Category: France

Location Focus: Méribel, France

meribel real estateBuyingForeignProperty.com takes a closer look at property investment hotspot, Méribel.

Méribel, best known for being a top winter ski destination, transforms into a totally different kind of playground in the summer months, providing intense scenery covered in brightly coloured flowers and rich green trees all lit up by the sparkling sunshine. Yet remarkably, this Alpine hotspot remains a relatively undiscovered summertime land with many being unaware of the vast and varied outdoor activities that Méribel has to offer.

French Second Homes Tax: Leaseback Enquiries Surge

French PropertyMay saw a surge in French leaseback enquiries after the French government announced a second homes tax.

French property company, Pierre & Vacances (P&V), saw a major surge in leaseback enquiries during May from British investors following news that the French government plans to impose a 20% property tax from January next year on non-resident second homeowners.

Following the announcement of the proposals in early May, the number of enquiries for leaseback properties last month was more than double that of April as Britons interested in buying a property in France looked at options that are immune to this new tax.

New Tax Planned For French Property Investors

French PropertyFrance is contemplating new laws which would see overseas property investors hit with hefty bills.

France is hoping to bring in a new tax equal to 20 percent of the property’s rental value, applicable to absent overseas property investors. The new tax is designed to help reduce France’s 176 million Euro annual budget deficit.

Although EU member states are free to set their own taxes, there are laws which cover the free movement of capital within the EU. Some experts believe that the draft law may limit this free movement of capital and thus may not be allowed to go ahead.

New Eurostar Routes Could Be Good For French Property Investors

overseas property in franceEurostar has revealed that they are hoping to extend their network of trains in Europe. Amongst the new hoped-for destinations is the South of France.

Eurostar already runs trains into Paris from London, however the addition of new French destinations could be good news for overseas property investors who have already purchased in France. The extra routes would likely see an increase in tourism in the local areas and therefore help stabilise and improve local rental and sale prices due to extra demand.

France: A Good Bet For 2011?

If you are looking to buy property in Europe, France’s property market is starting to pick up again and could be a good choice for overseas property investors.

According to the latest Knight Frank Global House Price Index, France has ssen a 9.5 pc annual increase in property prices in the last quarter of 2010 compared to the previous year. The French national estate agent body, the Federation National de l’immobilier (FNAIM), backs these figures up stating that in 2010, there was a 15 pc rise in the number of property purchases compared to the previous year.

Buying a Ski Chalet: 5 Top Tips

French Ski ChaletFrench property expert and ski enthusiast, Ed Scott shares his top 5 tips for property investors looking to buy a ski chalet.

With over a fifth of France covered in mountains, it’s no surprise that many of the world’s finest ski resorts are located in the French Alps. From the mega resorts of Chamonix, Val d’Isere and Meribel to the hidden gems of Avoriaz, La Rosiere and Sainte-Foy Tarentaise, skiing is big business generating over $10 billion each year.

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New Build Property In Central Paris

Paris Real EstateAccording to latest figures, Paris ranks the single most popular location in France accounting for over 15% of homes owed by Britons.

Statistics compiled by INSEE (National Institute for Statistics and Economic Studies in France) from the country’s most recent census show that 20,500 of the 135,000 Britons living in France have their permanent home in or close to the Capital.

Paris has also been voted the 2nd ‘favourite holiday destination’ for 2011 in the Frommer’s travel guidebook series global poll.

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