France to attract more British investors this year
03 January 2008
France is set to become an increasingly popular market with British property buyers this year, the UK newspaper has predicted. The Daily Mail stated that the country was already one of the world's leading investment spots and tourist destinations.
However, it said recent developments such as the raising of the inheritance tax threshold in France would make it even more attractive.
President Nicolas Sarkozy increased the limit by 300 per cent, which means that only the richest people will be affected by the charge.
The newspaper added that the introduction of a new high-speed rail link by Eurostar between Paris and London's St Pancras International would also boost its appeal. As a result of the service, people can travel from one city to the other in just two hours and 15 minutes.
According to currency specialist HiFX, the reduced journey times have prompted many Britons to look at moving to France on a permanent basis and commuting to work in the UK.