'France tax cuts may invigorate money transfers'

France may soon attract more international payments from UK investors thanks to tax changes, it has emerged.

The move sees property tax cuts of three per cent for people living in the British Virgin Islands, the Isle of Man and the Channel Islands who plan to make money transfers to overseas mortgages.

Real estate expert Investorsinproperty.com stated that the new regulations may boost the number of Britons buying premises in the country.

Simon Malster, managing director of the company, explained that France also offers more commercial investments, such as ski lodges, that could appeal to UK emigrants.

"Most investment funds prefer to invest in commercial property and finished developments with certain returns rather than speculative," he said.

"Money flows where the potential gains look the most attractive and where the recovery looks to be strongest."

Meanwhile, comparison resource uSwitch.com recently announced it was planning to launch a website that allows expats to compare utility prices in Europe.

Click here to make an International Money Transfer.

By Linsey Summers