Super rich French turn to London
April 12, 2012 2 Comments
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
