Real estate purchase: these cities where notary costs explode

Many departments have increased transfer duties for a fee on April 1. Others will follow in May, June and July. A significant additional cost for real estate buyers.

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Since April 1, the departments that wish can increase transfer rights by 0.5 point for consideration. Better known under the improper name of “Notary fees”the DMTOs, mainly made up of local taxes, are due by any real estate buyer and represent 7% to 8% of the purchase price in the old. “The Alpes-Maritimes, the Hautes-Pyrénées, the Indre, the Lozère and the Oise have clearly expressed their refusal to adopt this increase and other departments have not yet decided”Egrene Seloger in a press release published this Wednesday, April 9.

According to the census operated by the real estate advertisement portal, the increase in notary fees, on the other hand, has entered into force on April 1 in the following departments: Ariège, Charente-Maritime, Corrèze, Côte-d’Or, Dordogne, Eure-et-Loir, Gard, Haute-Garonne, Gers, Ille-et-Vilaine, Loir-et-Cher, Loire-Atlantique, Loiret, Maine-et-Loire, Haute-Marne, Mayenne, Meurthe-et-Moselle, Rhône, Haute-Savoie, Paris, Somme, Vendée, Vosges, Yonne, Essonne, Hauts-de-Seine, Seine-Saint-Denis, Val-de-Marne. Will follow, May 1stAisne, Calvados, Creuse, Finistère, the Pyrénées-Orientales and the Yvelines. THE June 1stthe Morbihan will follow suit, followed, July 1stfrom Seine-et-Marne.

© Seloger

A significant additional cost

Primo-receivers, the main victims of the real estate crisis in the last two years, are not affected by this increase in notary fees. It also does not apply to the new market, where DMTOs represent 2% to 3% of the purchase price. Secundo-buyers in the old will, however, suffer a additional cost of notary fees of 500 euros per range of 100,000 eurosCalculate Seloger. Concretely, for a property bought 300,000 euros, the buyer will have to pay 1,500 euros in additional notary fees. In detail, Seloger estimates this additional cost, for the purchase of a property of 100 square meters, at 4,709 euros in Paris, 2,221 euros in Lyon, 1,886 euros in Rennes, 1,757 euros in Toulouse and 1,626 euros in Nantes.

A additional cost “Non -negligible In a real estate market which struggles to resume and on which weigh many uncertainties, at the top of which a possible rise in short -term interest rates in France ”with the key a possible increase in mortgage rates, points Seloger.