[PDF] Papers in On the Economic Impacts of Constraining Second Home

How many second homes are there in France?

There are over 2.5 million second homes in France and contrary to popular belief less than 10% are in foreign hands. Of the circa 250,000 second homes in foreign ownership, around a quarter are held by the British, making them the largest group of international owners.

What is secondhomese?

Text description provided by the architects. secondhomese is located near Spitalfields in the East End of the city of London, next to the yet alternative Brick Lane market. It is a concept of shared workspace (co-working space) that hosts some 30 companies that are as alternative as the neighborhood, small scale, and quite related to technology.

What is the social levy charge for a second home in France?

The standard social levy charge for EU residents with a second home in France is currently 7.5% but this increases to 17.2% for British homeowners from 1 January 2021 as they will be no longer be EU residents. This means total costs will equate to 36.2%, up from 26.5%.

Should Brits with second homes in France register for residency?

As such, Brits who own second homes in France, and spend there maybe even most of the year, had to face an important decision in recent months. To register for residency in France, as foreseen by the Withdrawal Agreement, and retain EU citizenship, or keep the second home as a holiday destination.