Owning a property in France could become more appealing for wealthy Britons who are seeking to avoid paying 50% income tax in the UK, as French President Nicholas Sarkozy indicated in a recent TV interview that he is considering scrapping the countrys wealth tax.

Sarkozy said: “When Germany got rid of its wealth tax it also got rid of its tax shield...if there is no wealth tax then there is no need for a tax shield. We have to create a tax system in which our taxes would be comparable and compatible [with taxes in Germany].”

Such a move would be a great selling point for Britons who are required to pay the recently introduced top tax rate of 50% because they earn over £150,000 a year.

Paddy Dring, head of international property at Knight Frank LLP, said: “Scrapping wealth tax would provide an edge for France, which has retained strong demand for properties even in these uncertain times.

“Tax is always an area of concern for buyers, whether buying a holiday home or moving on a medium or long-term basis. France continues to drive over 50% of Knight Franks International enquiries, whether from the Cote DAzure, Paris, the Alps or rural bliss in Provence."