Source:
https://scmp.com/property/international/article/1194718/hollandes-taxes-threaten-end-paris-home-price-boom
Property/ International

Hollande's taxes threaten to end Paris home price boom

Home prices in Paris, up 37 per cent since 2009, are set to end their upward streak as President Francois Hollande cuts property subsidies and raises taxes.

Government support for the housing industry ranges from lodging subsidies for students to tax breaks for renovation works and public construction, which totalled €45 billion (HK$450 billion) in 2011, or 2.25 per cent of gross domestic product. Hollande is withdrawing some of that help as Europe's second-largest economy is on the brink of a third recession in four years, hurting property investors such as Bouygues SA.