Hollande tax hikes hitting Paris luxury home prices | Business and ...

Hollande tax hikes hitting Paris luxury home prices

LONDON (Reuters) ? Upmarket house prices in Paris reversed two years? growth in the first half of 2012, falling 3.4 percent on lower demand among well-heeled Parisians looking to flee France?s rising taxes, property agent Savills said on Monday. The decline in Paris came as prices rose in rival financial centers London and New York, 2.8 percent and 1.1 percent respectively, with the Big Apple seeing a world record price for an apartment, Savills said in a report on major cities. ?

Source: http://kashwealthsystem.com/finance/2012/09/09/hollande-tax-hikes-hitting-paris-luxury-home-prices/

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