Tax relief 'offered in France'
Legislation implemented in France includes a section on tax relief connected to mortgages.
In the new Work, Employment and Buying Power rule, such relief will be offered to French residents, for the initial five years of mortgages, reports Homes Worldwide.
Moreover, it is hoped that a larger number of first-time buyers will be able to get onto the property ladder due the changes.
An allowance of up to 20% of the interest will be given for these five years of a loan repayment, the publication added, something that may be of interest to potential property investors.
The ceiling is set to be put at 3,750 euros (£2,542) for single people and 7,500 euros for couples, while it is 500 euros for dependants living at home.
Recently, the French president Nicolas Sarkozy said that it he will not stop Turkey from entering the European Union.
He said that he would welcome the move if Turkey's views were compatible with France's.
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