Investors ‘to benefit’ from French property law changes

Posted 21/11/2011

Investors may increasingly be tempted to purchase homes in France, due to the fact that changes to property laws are being made.According to Peter Mindenhall, a researcher at IPINglobal.com, which provides proprietary, structured, property-based investment strategies, there are several reasons buying homes in France has always been popular among people from Britain.”The leaseback system offers security over the long-term and the French economy has traditionally been reasonably stable,” he said.Mr Mindenhall pointed out changes to French property law – including plans to increase the wealth tax threshold – will benefit those investors making cash in the nation, rather than people who are “asset laden”.He explained people will only be able to make the most of amendments to Capital Gains Tax in France if they sell property within the next five years.According to research conducted by Standard Life, France is in the top five countries in the world for people looking to retire in another part of the globe.