Paris and London - a tale of house price reversals
21 April 2017
The French capital has seen prices and sales suffer because of higher taxes under President Hollande. The punitive wealth tax, increased in 2013, charges those with assets work 1.3m euros or more up to 1.5% a year.
In 2014 property prices in Paris fell by almost 5%, according to LonRes/Databiens. In contrast London values over the same period rose by 15% as investment poured in.