Well, as Bastille Day, July 14th, draws near, it's time to dream of running away to Paris. The mood in the City of Light is upbeat because of the new president, Nicholas Sarkozy. His reforms aim to bring France into the 21st century and create prosperity for the French. Already blessed with the finest culture, fashion, wine, cheese, cuisine, art, architecture and history, the French only need to modernize their economy to be a great world power again.
Here's a snippet from a web site called French Property Insider that tracks trends in France as related to buying an apartment in Paris-a most important part of the dream to run away to Paris!
"When he was elected earlier this year, new French President Nicholas Sarkozy promised a major break with the past. With pledges to take on vested interests, get the country working longer hours and transform France into a land of property owners, not to mention a general image as a right-winger not afraid to put some noses out of joint, he has quickly earned the moniker of the French Margaret Thatcher.
The new president prefers comparisons with Tony Blair, a man with whom he enjoyed the briefest of working relationships, but the gentleman has shown himself not for turning on his key pledge to end the 35-hour week, but the announcement of tax breaks for those who work overtime, Homesworldwide reports.
According to the article, this move could in itself be the catalyst for the housing market. By stimulating growth - which should then help reduce unemployment - as well as putting more money in the pockets of those who do work longer, the growth in wealth will place an increasing number of people in a position to invest in property in France. With this, so the article contends, will come increases in property values."
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