Thursday, August 25, 2011

Wanna get away? possible tax haven in annecy france

News is spreading fast about President Sarkozy's new Tax overhaul in France. The new tax reform law will increase the limit of the wealth tax from €800,000 to €1.3 million, thereby making France a new option as a tax haven for the rich. This is creating aggressive interest among luxury real estate developers who are targeting wealthy expatriates and foreign investors.

One such developer, MGM French Properties, is already building new luxury apartments in Annecy, (a little known historic Old World villa at the foothills of the French Alps).

MGM's current project is nearing completion. The project (La Reserve) boasts an enviable address and is set in a prestigious residential area (dubbed "the Champs Elysees of Annecy).

All the apartments, which have panoramic lake views, come with under-floor heating and an underground private garage. A communal pool is also available to owners.

Prices of the apartments start at €459,000 for a one-bedroom apartment.

They have two others projects planned.

Even if you don't plan to purchase property, Annecy is a beautiful place to visit.

Take a tour of Annecy



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rather be in paris