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The Impact of Macron’s Victory on the French Property Market

Tim Swannie, Director of Home Hunts, the French luxury property specialists, says:

“We are delighted about Emmanuel Macron’s victory. We have absolutely no doubt that he is the right man for the job.

Monsieur Macron is young and dynamic, he is pro-EU and pro-business, his En Marche! party have pledged to continue to bring stability to the housing market. 

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The property market has been improving throughout France for the past couple of years and his government want to build on this. He is committed to reducing some of the taxes for property owners and simplifying the fiscal framework in France. He is unlikely to reduce capital gains tax but has promised to bring in a certain number of changes. These include the exemption of the annual taxe d’habitation, which the majority (80%) of households pay, reducing dramatically the wealth tax paid each year and simplifying rental contracts. No doubt there will be other initiatives to be announced.

It is very early days and this next 4-6 weeks are key of course, Monsieur Macron needs to make important appointments in his government and then there are the assembly elections in the middle of June. There is a huge amount on his plate and there will be many new policies and tax changes to come.

France now has a strong and dynamic leader and we are excited about a bright future for France and the French property market under his leadership.” 

 

www.home-hunts.com / Tel: UK: +44 (0)208 144 5501 or France: +33 (0)970 44 66 43

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