Super rich French turn to London

Super rich French residents are turning to the London property market amongst fears over rising taxes after current elections.

Francois Hollande,  the presidential candidate who is a favourite and in the lead, is proposing a tax rate of 75% for those earning above €1,000,000.

Central London has seen an overall drop of 9% in enquiries for properties from other European counterparts. However, Knight Frank has reported a 19% increase in interest from French buyers in the first 3 months of 2012. Read more of this post