Elite homeowners in Paris seek end to pain with Socialist loss
Potential right-wing candidates are pledging to abolish the wealth tax and ease other levies
Paris
DENYS Laroche has been trying to sell his 18th Century one-bedroom apartment just off the Champs- Elysees for six months. If the 3.75 million-euro (S$5.7 million) Paris home doesn't attract a buyer soon, he may decide to wait for a new president next year.
"We have a socialist president who's increased taxes," said Mr Laroche, a business owner who's about to retire and wants to spend more time at his country home. Candidates vying to replace Francois Hollande in the 2017 presidential election will probably ease taxes on the wealthy, he says. "If the election goes well, it's going to be better for real estate."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis