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European tax havens avoid property crash

Posted on 14 July 2009

From Homesoverseas.co.uk: European tax havens located within close proximity of Britain have managed to avoid the property downward experienced across much of Europe, due partly to an increase in the number of wealthy Britons seeking to flee the UK, and avoid likely tax rises, according to a report out today.

Advisory specialist, Sovereign Group, report that property values in Monaco and Gibraltar have not fallen, and have either stabilised or appreciated, despite the fact that the price of nearby properties in Cote d’Azur and property in Costa del Sol have fallen by up to 50% since the peak of the market in late 2007………Full Article: Source


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