house prices soaring at 10 times the rate of

Are Salma Hayek and her wealthy French husband set to join 'l'exodus'
Are Salma Hayek and her billionaire French husband set to join 'l'exodus'? Hollywood star seen in London with top property agentHayek spotted leaving Claridge's in Mayfair with a top property agentShe is married to Franois Henri Pinault, owner of Gucci and YSLSpeculation rife they could be the latest wealthy people to leave FranceBusiness community angered at punitive tax regime of Socialist governmentBut Mr Pinault's firm denies he has any plans to transfer finances to London
By Damien Gayle
Salma Hayek and her billionaire Parisian husband are hunting for a new home in London, sparking suggestions they are set to join 'l'exodus' of wealthy French to countries with lower taxes.
The Hollywood star, 47, and her 51 year old husband Franois Henri Pinault, owner 1:1 replica handbags of Gucci and Yves Saint Laurent, are said to be scouring Belgravia, Kensington and Notting Hill for a family home.
Their search comes as a number of French tycoons have indicated they are preparing to leave their home country following a crackdown on high earners by Socialist president Franois Hollande.
Salma Hayek and Francois Henri replica louis vuitton Pinault, pictured Perfect Quality Louis Vuitton Replica last year: The couple are reportedly searching for a family home in London, sparking speculation that they are set to join 'l'exodus' of wealthy French fleeing high taxes
The actor Grard Depardieu was recently granted Russian citizenship and the fashion tycoon Bernard Arnault has applied for residency in Belgium, although he denies he plans to move his financial affairs to the country.
Likewise Kering, the luxury conglomerate in which Mr Pinault holds a controlling stake, confirmed that the couple intended to rent a house in London but insisted he would still pay tax in France.
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Residency has become a sensitive issue in the country after President Hollande proposed a punitive 75 per cent cheap replica handbags tax on people earning more than 1m (840,000) a year.
replica louis vuitton The tax, which has been included in a draft budget for next year and is planned to apply for two years, sent shockwaves through the French business community.
But many of those wealthy individuals who threatened to leave the country have backed down, at least publicly, after a backlash which accused them of a lack of patriotism.
After Grard Depardieu handed back his French passport and moved to Russia he later said he loved France as much as ever and the controversy over his departure was 'a big misunderstanding', The Times reported.
It came fake louis bag after the actor, who has made more than 150 films, wrote an open Fake Louis Vuitton Replica Bags letter to France's prime minister Jean Marc Ayrault last year explaining why he was leaving his native country.
He wrote: 'I am leaving because you consider that success, creation, talent, anything different, must fake designer bags be punished.'
In August, he said he replica louis vuitton considered himself a 'citizen of the world' after a Belgian town made him an honorary citizen.
Also fleeing: French film star Grard Depardieu, left, handed back his replica designer handbags French passport and moved to Russia, while LVMH chief executive Bernard Arnault, right, transferred his family's wealth to Belgium
Bernard Arnault, head of luxury goods group LVMH which includes the brands Louis Vuitton, Christian Dior, Guerlain, Moet Chandon and Hennessy officially transferred his assets to Belgium in January.
He had applied for a Belgian passport soon after the Socialists won elections in France last year.
The move involved transferring his 31 per cent stake in Groupe Arnault, the family holding that controls LVMH, to Pilinvest, a Belgian firm that he specifically set up for the purpose.
Family home: Hayek with her daughter Valentina Pinault Designer Louis Vuitton Replica Handbags shortly high quality replica handbags china after her birth in 2007. Eighteen months later she married Mr Pinault, the girl's father
Mr Arnault insisted at the time that he wanted merely to keep the 5.5billion stake in LVMH in the hands of his five children after he dies.
Belgium has a much more lenient tax regime than France raising an inheritance tax of three per cent, compared to 11 per cent in France. Unlike France, there is no wealth tax in Belgium either.
Hayek was seen leaving a Claridge's hotel in Mayfair with a leading property agent on Thursday, according to The Sunday Times.
Kering confirmed to the paper that she and Pinault, who have one daughter, intended to rent a house in London 'for personal reasons'.
The company insisted Pinault would remain a tax paying French citizen. 'Kering is a Euronext Paris listed group with global operations,' a spokesman told The Sunday Times.

'Its registered headquarters is in Paris and the group plans to move into a new headquarters building in Paris in 2015.'. 

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