Could tax changes prompt international money transfers to France?

International money transfers to France could be on the rise following changes in France's tax structure.

President Nicolas Sarkozy recently introduced the Loi Scellier tax break scheme, which permitted French buyers to purchase new build properties and in doing so offset 25 per cent of the value against their income tax liability.

However, this has now been reduced by 20 per cent as the economy is on the up. According to Overseas Property Professional, this reduction could improve the market for foreign buyers.

Meanwhile, director of Athena Mortgages John Busby said that there were 115,000 new residential properties sold in France last year, compared to just 79,000 in 2009.

Low interest rates are contributing to the improvement in the country's property market.

People buying from overseas could look into making international money transfers to France with a foreign exchange broker in order to save money when buying a property.

Click here to make an International Money transfer to France

Posted by Chris Smith