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Paris housing prices sputter as Hollande’s taxes threaten boom

Posted on 18 March 2013

Paris home prices, which have risen 37 percent since 2009, are set to end their upward streak as French President Francois Hollande cuts property subsidies and raises taxes.
Government support for the housing industry ranges from lodging subsidies for students to tax breaks for renovation works and public construction, which totalled 45 billion euros ($59 billion) in 2011, or 2.25 percent of gross domestic product. Hollande is withdrawing some of that help as Europe’s second-largest economy is on the brink of a third recession in four years, hurting property investors such as Bouygues SA………………………………………..Full Article: Source


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