French property prices: the French Government plans to reduce notary fees

Only a month after the increase in transfer duties(taxes collected by a notary on behalf of the French State during the registration of a property sale)in some departments, a new reform to reduce the notary fees is being considered by the French Council of Ministers.

The government’s aim is to reduce property acquisition costs in order to boost the market. As part of this measure, they hope to re-evaluate notary fees so that they reflect a figure closer to the actual price of registering a change in property ownership.

In the current system, notaries receive a percentage of the property price as part of the registration procedure. In other words, the more expensive a property, the more notaries are paid for their services. The proposed reform aims to replace the notaries’ current proportional fee system with a flat rate.

This initiative is likely to be officially announced in the next few days and could be implemented very quickly.

Should the draft resolution be adopted, there will be an interim period of several months after which the tariffs will be fixed definitively.

Any reduction in notary fees would of course be synonymous with an increase in the purchasing power of future owners.

Property price reduction with Sextant Properties

In addition to this imminent reform, you can already benefit from price reductions for properties exclusively on sale with Sextant.

For example…

–          Traditional stone house in Brittany:€256,800>€249,999.

This stunning, charming stone house is situated in the village of Le Quiou, a few miles South of Dinan and Saint-Malo. The village is best known for the Château de Hac, a designated historical monument once owned by the Dukes of Brittany.

The property is set in an 1149sqm land with a conservatory and a garden shed. The house was built in the early 18th century and has been completely renovated to an excellent standard, with ample living space spread over three floors.

–          Chalet in the heart of the Alps Mountains: €124,500>€115,000.

This fully furnished apartment in a chalet is situated in the French Alpine village of Agnières-en-Devoluy.

The apartment offers a lovely living room, two bedrooms and a balcony. The property is located in the residence ‘La Crète du Berger’ (‘The Shepherd Crest’);mountain-lovers can enjoy many sporting and healthy activities throughout the year such as skiing and hiking.

–          Stone house in Provence with views on Corsica: €2,310,000>€2,079,000.

This beautiful stone house is set in just under 2 acres (7800sqm) of landwith breath-taking views over 31 miles (50km) of coastline.The house offers ample living space, includingan open-plan living room, a fully fitted kitchen, a master bedroom, a bathroom and a large mezzanine. The garden is perfect for spending quality time with friends and family,featuring a spacious patio with an outdoor summer kitchen and a large bread oven.

The property comes with a large garage(72sqm) with a shower room and a WC which could be converted into a studio apartment or guest accommodation if desired. There is also a guest chalet (duplex) with a conservatory and a private patio. The property is ideally situated in Tourettes-sur-Loup,only 20minutes from Nice and the airport.

Visit our website to find other properties all over France at excellent prices. If you are interested in purchasing a property, obtaining a French mortgage can be very useful, do not hesitate to contact us, the Sextant team is happy to help you in all aspects of your property purchase.

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This entry was posted on Friday, April 11th, 2014 at 10:00 am and is filed under French Property, Notary fees, Price reduction, Property French Alps, Property in Brittany . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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