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Patrick Summer, Head of Property Equities, Henderson Global Investors shares his outlook for global property markets in 2012.
The world is watching Brussels today, where EU leaders are meeting to discuss the eurozone debt crisis. Disagreements between countries have fuelled fears that the crisis will only continue, but as property prices, taxes and demand fluctuate, careful buyers can still make a sound investment. It's crunch time for the EU, so where are your real estate escape routes?
British owners of overseas property have one last chance to claim their holiday home tax relief. Writing in This French Life, property lawyer Guillaume Barlet reminds owners who rent out their holiday homes that they can still offset losses against the property under current tax rules.
The French government is seeking to impose a new 20% tax on non-resident second home owners, but buyers of properties under the leaseback scheme will be able to avoid it, according to legal experts.
Those considering buying a property in France are urged to get in early to avoid an upswing in mortgage rates, with some banks already beginning to pass on the European Central Bank's universal hike in rates last month.
While rental returns are more modest on French property as a whole, the stability of the market means investors can expect steady capital gain, says VPS Global's Chris Parry.
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