Paris Sets Its Sights on Owners of Second Residences
Owning a 2nd home or vacant apartment in Paris might quickly get a great deal pricier. If brand-new guidelines consented to by Paris City Council today go through France s parliament, taxes on second houses in the city could increase to double that for main homes, while taxes on permanently empty residential real estate would increase by 4 times.
The procedures come as France s capital goes all out to increase the volume of economical real estate readily available to local citizens. A question mark still hangs over whether the proposal will enter law its ratification by parliament is not ensured and could take some time.