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Rich businessmen pulling out of France as tax-hit looms

 
Anonymous Coward
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Netherlands
10/07/2012 06:02 PM
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Rich businessmen pulling out of France as tax-hit looms
A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.

"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.

[link to www.france24.com]

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