Nicolas Sarkozy got major discount on Paris flat

28th February 2007, Comments 0 comments

PARIS, Feb 27, 2007 (AFP) - French presidential candidate Nicolas Sarkozy was given a discount of at least 300,000 euros on the purchase of a flat in the affluent Paris suburb of Neuilly, of which he was mayor at the time, a report said Tuesday.

PARIS, Feb 27, 2007 (AFP) - French presidential candidate Nicolas Sarkozy was given a discount of at least 300,000 euros on the purchase of a flat in the affluent Paris suburb of Neuilly, of which he was mayor at the time, a report said Tuesday.

According to the Canard Enchaine satirical weekly, French property developer Lasserre knocked 12 to 35 percent off the market price of the flat, which Sarkozy and his wife Cecilia bought in 1997 for the equivalent of 875,000 euros (1.15 million dollars).

Lasserre, described by the Canard Enchaine as the mayor's "favourite developer", also reportedly agreed to pay for expensive redecoration and refurbishment works before the couple moved in.

Speaking during a visit to Madrid, Sarkozy rejected the claims as "hurtful and extravagant", denouncing an attempt to "smear" his name ahead of the April-May election.

The magazine based its report on the study of sales documents for apartments in the same building, also sold in 1997.

It claimed that the Sarkozy couple -- who sold the flat last November for close to 1.9 million euros -- saved a total of around 300,000 euros at the time of its purchase.

Sarkozy, who was mayor of Neuilly from 1983 to 2002, has been repeatedly criticised for failing to enforce the quota of 20 percent of social housing in the town.

Copyright AFP

Subject: French news

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