Luxury real estate: buyers more cautious

The real estate is not totally uncorrelated to the stock market. Beautiful Parisian apartments could become more accessible to French buyers, in an arbitration fast their foreign owners.

While the real estate of prestige strengthened its safe haven status in times of debt crisis, it is not totally uncorrelated to the stock market. And for professionals in this niche market, the outlook began to go wrong when the Dow Jones breaks the threshold of 11,000 points. While the barometer does not a great time, the benchmark index of Wall Street flirting around 10,800 points. But the shock waves are not comparable to those found during the subprime crisis in the autumn 2008. At that time, buyers, including foreigners, were squarely removed from the housing market. Currently, they tend to exercise greater caution and take longer to decide. Especially if they reside in the euro area, which tends to mope.

One end of the year probably sustained

Next activity, the fourth quarter of this year expected to show force. If only because the reform of the taxation of real estate capital gains will be effective for sales notarized signature from 1 February 2012.From this date, the gains will be exempt after thirty years in prison, against only fifteen years now. As it should be a delay of two months between a preliminary contract and deed, the ideal is therefore to sign the preliminary contract in November to sell his property under the current real estate gains.

If you know to properly structure your ownership there are leeways to optimisation.