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Potential capital gains tax increase scares wealthy French into abandoning Paris, lowering prices

European currency Euro stands in front of the European Central Bank . Image via AFP.

A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say. “It’s nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris…

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