Bloomberg News

Sotheby's Says Rich French Are Leaving France: Les Echos

July 17, 2012

Rich French families are leaving the country because of fiscal measures being put in place by Francois Hollande’s government, Les Echos reported, citing Sotheby’s International Realty France.

That trend explains the good business in properties worth more than 5 million euros ($6.1 million), which are being bought by foreign purchasers looking for stable real-estate investments in France, the newspaper said, citing the company.

To contact the reporter on this story: Melissa Pozsgay at mpozsgay@bloomberg.net

To contact the editor on this story: Steve Rhinds in Paris at srhinds@bloomberg.net


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