France ‘an established market’ for property buyers

Posted 20/04/2012

Well-established property markets such as the one in France are going to remain popular among investors from the UK.This is the view of Liz Rowlinson, editor at A Place in the Sun Magazine, who stated the landscape for investments of this nature has changed over the course of the last five years.She explained individuals are less willing to take a risk than in the past, which means markets such as France are going to become increasingly popular.”People aren’t being attracted to the next ‘hot new emerging place’. It is about reducing the risk,” said Ms Rowlinson, adding areas such as the Balkans, Eastern Europe or further afield are now less popular.Matthew Cameron, who heads the French Legal Services team at Ashtons Legal, adds: “While buying property in France is likely to remain popular, those who do so are likely to need to be even more astute in their tax planning in the future. Depending on the outcome of the current round of French elections it is highly possible that the French Inheritance Tax regime will change. If so, those inheriting property in France could find themselves with much larger tax bills than is generally the case at present.”Posted by Matthew Cameron