“Notary fees” will increase, here is how much for a purchase of 200,000 or 300,000 euros

The Prime Minister announced an increase in transfer taxes for payment, during the meetings of the Departments of France. Here is how much your “notary fees” will increase, depending on whether you buy a property worth 200,000 or 300,000 euros.

• 
  

  To safeguard
  
  
  

  Saved
  

When you present your purchase project to a real estate agent and the crucial question of budget arises, they inevitably ask you for this clarification: “250,000 euros, with or without notary fees?”. An important clarification because the transfer rights for valuable consideration (DMTO), incorrectly called “notary fees” insofar as they are mainly made up of local and national taxes, represent no less than 7 to 8% of the purchase price in old buildings, and 2 to 3% in new buildings.

Ranges expected to increase in the coming months. At the close of the meetings of the Départements de France association, this Friday, November 15, in Angers, Michel Barnier announced a increase, for three years, in the ceiling on transfer duties for valuable consideration (DMTO), the real name of these famous “notary fees”. An increase of 0.5 points, which should bring in a billion euros to the departments.

Michel Barnier in reverse of Gabriel Attal

Today, almost all of them apply the maximum rate of 4.50%. Departments of France wanted “a provisional increase of 1 point”to bring this ceiling to 5.50%. Transfer taxes in fact represent a significant revenue for the departments, between 15 and 20% of their total resources. However, with the collapse of real estate transactions resulting from the quadrupling of credit rates between 2022 and 2024, the DMTO received by the departments last year fell by 22%.

This increase in DMTO is one of the five measures announced by the Prime Minister this Friday to “very significantly reduce” the budgetary effort requested from the departments as part of the 2025 budget, which initially provided for five billion euros in savings. from local communities. According to Départements de France, the departments are the most impacted stratum of communities, with 44% of the effort, or 2.2 billion euros. Michel Barnier thus goes against his predecessor, Gabriel Attalwhich, at the beginning of the summer, had promised to exempt first-time buyers from DMTO for any purchase below 250,000 euros.

An increase in DMTO which could block funding

This increase in transfer duties for valuable consideration is a “very bad news for younger buyers because these costs are rarely financed by banks. As the intake is low among the youngest, this will make their first purchase even more difficult.regrets Maël Bernier, spokesperson for the broker Meilleurtaux, on the social network increase of 1,000 euros in notary feescalculates Maël Bernier. An increase that she estimates at 1,500 euros in the case of a purchase of 300,000 euros. “This could be blocking the financing files of young people who cannot be helped by their parents”underlines Maël Bernier, recalling that the average outstanding balance of the livret A – the savings of most French people – does not exceed 6,000 euros.

“Combined with the surge in property taxes – we noted peaks of +50% in Paris and +15% in Grenoble – this increase in transfer taxes risks discouraging first-time home buyers and compromising the timid recovery ( of real estate purchases) observed following the – beneficial – drop in interest rates”deplores the National Real Estate Federation (Fnaim).