Mon, Oct 08, 2012 - Page 15 News List

Businesspeople pulling out of France as tax-hit looms

AFP, PARIS

“Next year to have dinner with friends, instead of a taxi I’ll more likely need to take the Thalys for Brussels or the Eurostar to London,” joked Demeure, referring to trains that link the three capitals.

He said he is currently receiving on average one request per day to appraise a luxury apartment or home.

As a result, in the previous two to three months the price of large Paris apartments had slid by 5 percent.

However, real estate agents do not expect a collapse, as the offers to sell still remain low and interest by foreign buyers firm.

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