Wealthy French residents flee leaving behind a fantastic choice of property in France

The selection of luxurious high end homes in France has greatly increased due to the recent french presidential election. It has been reported by the Daily Telegraph that lots of french families are ‘fleeing a proposed new tax rate of 75 per cent on all earnings over one million euros’ (around £780,000).This means that quite a few fantastic french properties are now making their way onto the french property market, suggesting that now could be a good time to invest in high end french property.

One of the top overseas estate agents has revealed that its french sector has sold over 100 properties valued at at least 1.7 million euros within the past couple of months (A significant increase when compared to the same time period last year)

"The result of the presidential election has had a real impact on our sales. Now a large number of wealthy French families are leaving the country as a direct result of the proposals of the new government.” Says Alexander Kraft, head of Sotheby's Realty in France.

"These properties are then bought up by foreign investors looking for a stable real estate market like France to invest in.”

"It shows the high-end property market is holding up very well, even in these difficult times."

If you have an interest in the french property market, are interested in buying a house in France or would like to take out a french mortgage, please get in touch with Conti - Mortgages Overseas via our website (www.mortgagesoverseas.com ) or via telephone 08009700985.

Live like the world’s most successful Olympian

MICHAEL PHELPS HAS RECENTLY BECOME THE WORLD'S MOST DECORATED OLYMPIAN OF ALL TIME, YET UNFORTUNATELY HE STILL HASN'T YET MEDALLED IN THE PROPERTY MARKET.

In February earlier this year, Phelps put his 4,000 square-foot apartment on the US property market, giving property buyers Worldwide the chance to live in luxury like an Olympian for a mere $1.42m - at a discounted rate from the original price that he purchased the property for of $1.69m.

The apartment condo is situated in Baltimore's famous Inner Harbor and boasts three bedrooms, three bathrooms, a picturesque views of the marina from its top floor balcony as well as access to the building's indoor pool where Phelps could practise his strokes. The new lucky owner of this wonderful property could utilise the hot tub on the roof terrace to perhaps perfect their treading water skills.

While since 2007, when originally purchasing the property, Phelps’ tally of gold medals has increased, unfortunately the American economy took a turn for the worst, leaving the 28 year old swimmer swimming against the property current. Even after reducing the value of his home significantly, Phelps has struggled to find a buyer.

However, now is the perfect opportunity for someone to make a splash in the US property market. The demand for American homes is increasing from overseas, so we may see a few Olympic-enthusiast investors to be dashing to the harbour-side.

Would you take the dive? If you fancy taking advantage of the American property market and would like to look into purchasing a property in USA, visit us at Conti- Overseas Mortgages to help you on your way.

Alternatively, if you are looking in the UK and are confused by conveyancing prices and additional charges, visit us at www.helpfulconveyancing.co.uk to help clarify you confusion and compare conveyancing prices to help you find the best deal for you with NO added costs. We operate remotely so can offer you the best prices on conveyancing for the highest quality conveyancing.

Tom Cruise’s house hunt is proving to be mission impossible!

Tom Cruise has been reported to be house hunting after his recently announced split from his wife, Katie Holmes. However his attempt at trying to quietly find a new home are proving to be a rather impossible mission.

Last week, the New York Post reported that the actor had looked into an 11-acre estate in Rockland Country.

"Staff at the home were told to vacate the premises quickly", adds the Post, as Cruise appeared with six year old daughter Suri to look at the unlisted property.

The mansion, which spans 13,500 square feet and is situated on the waterfront, is estimated to cost $13.5 million. His new neighbours would include the likes of Al Pacino and Mikhail Baryshnikov.

The news follows reports that Katie Holmes had rented an apartment in New York City in advance of the couple's divorce.

if you fancy a brand new pad in New York, or even anywhere in America and you are looking to take out a mortgage in the USA, visit Conti for all of your overseas mortgage solutions.

Alternatively, if you are moving house within the UK and are in need of conveyancing but want to find the best deal for you, compare conveyancing with us at www.helpfulconveyancing.co.uk