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Investment in France set to drop by 30pct in 2012: JLL

Posted on 13 March 2012

French real estate investment volumes are expected to decline by 20-30% this year due to the end of tax breaks for vendors to SCPI and OPCI investment vehicles, according to property adviser Jones Lang LaSalle.
‘Last year the market was driven by the abolition per year-end of a tax advantage which favoured local players at the expense of foreign investors,’ Stephan von Barczy, head of Capital Markets France at JLL said………………………………………..Full Article: Source


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