The real estate sector in France is undergoing significant changes, particularly with the increase in notary fees expected in 2025. These increases will have a direct impact on property buyers and sellers, making it crucial to anticipate these additional costs. Here is a detailed analysis of the upcoming changes and tips to better prepare with AIR Property Provence.
1. What Are Notary Fees?
Notary fees are essential costs in any real estate transaction in France. They include:
- Taxes and registration fees: Collected on behalf of the State and local authorities (more information here).
- Notary’s remuneration: Covering legal and administrative services (details on notary fees).
- Various administrative costs: Related to formalities and file management.
2. Why Are Notary Fees Increasing in 2025?
In 2025, notary fees will see a significant increase, rising from 7-8% to approximately 8-9% for old properties and from 2-3% to around 3.5% for new properties, according to new fiscal regulations. This increase will directly affect acquisition costs for buyers.
Several factors explain this announced increase:
- Increase in transfer taxes: Some departments will raise their tax rates on real estate transactions (see current rates).
- Reassessment of administrative costs: Due to more complex legal and regulatory procedures.
- Inflation and economic conditions: Costs associated with notarial services and real estate transactions are following this upward trend.
3. What Impact on Buyers and Sellers?
For Buyers:
- An increase in the total acquisition cost.
- Higher mortgage amounts to cover these additional fees.
- A greater need to anticipate these costs in their real estate budget (notary fee calculator).
For Sellers:
- A potential reduction in the number of solvent buyers.
- A need to adjust pricing strategies to offset this increase.
- Longer sales timelines due to higher costs for buyers.
4. How to Mitigate the Impact of This Increase?
Optimize Your Transaction with AIR Property Provence
- Negotiate the purchase price: A slight adjustment can compensate for the fee increase.
- Opt for a new property: Notary fees are lower (around 2-3%) compared to older properties (7-8%) (explanation here).
- Seek expert advice: AIR Property Provence helps structure your transaction to minimize these costs.
5. Anticipating Notary Fees in 2025 in Lourmarin and the Luberon
The impact of this increase will vary by location. In sought-after areas like Lourmarin and the Luberon, it is essential to:
- Monitor local tax changes: Some departments will impose higher increases.
- Adjust buying and selling strategies according to new market conditions.
- Consult legal and real estate experts to optimize your budget (consult a notary).
Conclusion
With these new notary fee rates, it is essential to properly anticipate your real estate budget. Whether you are a buyer or a seller, understanding these changes will allow you to adopt the best strategy for your transaction.
The increase in notary fees in 2025 is a key factor to consider in any real estate transaction. Anticipating these costs and adapting your buying or selling strategy is essential to avoid surprises. With AIR Property Provence, benefit from expert guidance to navigate this new real estate landscape smoothly.
