As HNWI's increasingly look around for the best
home for their money, European governments
are scrambling to attract them, with President
Macron leading the charge.
Rising inflation is seen as the greatest risk to the
wealth of HNWI's and real estate is seen as one
of the best ways of mitigating this risk. A recent
report estimated that UNHWI's globally saw
their collective wealth drop by 10% in 2022, but
the same report suggested that a third of UNHWI
investors were looking to purchase real estate as
an inflation hedge.
EXECUTIVE
SUMMARY
Buying with their heads
President Macron has been proactive in attracting
HNWI's and digital nomads to France. He launched
the French Tech visa (allowing entrepreneurs,
investors and employees to apply for a fast-track,
four year, visa) as well as simplifying the tax system
and reducing the tax burden. He introduced a flat
rate on capital gains and dividends for French
residents (a 30% flat rate levy which applies to
investment income including dividends, interest
and capital gains on the disposal of securities and
shares), as well as replacing the draconian Wealth
Tax with a less onerous tax on real estate holdings.
Buying residential real estate in France makes
sense for HNWI's.
Consultancy firm 'Price Waterhouse Coopers'
canvassed 1,038 global real estate fund managers,
05
www.leggettprestige.com