Archive for the ‘Articles’ Category

Artist Tracey Emin, famous for her Unmade Bed installation, has announced she is looking to move to France due to the rise of the income tax for those who earn above £150,000.

She said she may end up in a French property as she is "simply not willing" to pay the 50 per cent tax which the government has introduced for the rich.

"So much here is simply not working now. The taxes are too high, there aren’t enough incentives to work hard and our politicians have put me off. We’re paying through the nose for everything," she said.

Emin already has French property and said that the country appreciates art and culture - and also has a lower tax rate for high earners than the UK.

In France, the highest level of tax is 40 per cent and artists are entitled to more expense allowances and subsidies.

Meanwhile, findings from Foreign Currency Direct reported on Homemove recently showed that Brits who own French property could benefit from the falling value of the pound.

Visit Rightmove Overseas for the best selection of French property. Stop dreaming, start searching!

Stunning actress Emmanuelle Beart has revealed how she shunned Hollywood when it came calling in favour of remaining in her French property in Paris.

Beart is one of France’s top actresses and soon won the attention of Tinsel Town producers who hired her for the Tom Cruise film Mission: Impossible.

The smash hit movie led to many offers of work state-side, but she says she turned them all down in order to remain in her French property and do the small art-house films that are her true passion.

In an interview with the Telegraph she says: "It opened a lot of doors, but I ran away from it.

"Even though I liked the director, and Tom [Cruise] was very professional, I couldn’t bear it […] I came home to Paris and I never really wanted to go back."

She adds that she was raised in a French property tucked away in the countryside, calling it "a wonderful place to grow up".

The recent French Property Exhibition at the London Olympia showed the continued allure of French property, according to its organisers, who reported increased visitor numbers.

Visit Rightmove Overseas for the best selection of French property. Stop dreaming, start searching!

Brits seeking French property may want to check out their chances of securing a mortgage in the country.

Claire Nessling, director of overseas mortgage firm Conti, believes Brits have excellent prospects when it comes to securing a mortgage for French property from within the country, as lending conditions are much less restrictive than in the UK.

She tells the Independent: "Throughout the credit crunch we’ve still been able to get 100 per cent mortgages in France for loans over 250,000 euros (£227,700)."

Her assessment is backed by Stuart Law, chief executive of Assetz, who tells the newspaper: "In the South of France prices have barely wobbled as banks do not think they have substantial risk there."

House prices in France have also remained relatively resilient, compared to UK prices in the past few years, the newspaper states, which may make French property an even more attractive prospect to many Brits.

Increased visitor numbers were reported for the recent French Property Exhibition, held at the London Olympia from 11-13 September.

Visit Rightmove Overseas for the best selection of French property. Stop dreaming, start searching!