Experts of the local real estate market expect an increase in real estate sales in the south of France in the next few months, according to an online source PropertyShowrooms.
Introduction the new capital gains tax will cause an increase in offers on the country's real estate market. Housing prices are likely to be underestimated, as property owners are interested in selling housing before February 1, 2012, when the tax will come into force.
According to the Luxury Real Estate Price Index of Estate Net France, housing on the French Riviera and in Monaco worth more than 1 million euros did not fall in price in September, but increased in price by 0.64% over the month.
The company also noted sales growth in this region of France by 2.19% since August this year.