Will the cost of real estate transactions increase further? Not because of yet another price increase… but because of a potential increase in taxation. During each real estate transaction, buyers must pay what are commonly called “notary fees”. In reality, these are essentially “transfer duties for valuable consideration” (DMTO), taxes collected by notaries but which are then paid to their beneficiaries, local authorities (departments and municipalities) and the State. To this are added the assessment and recovery costs which represent a percentage of departmental law, and the property security contribution, at the rate of 0.1%.
To finance the creation of a solidarity fund of 1.5 billion euros in favor of the departments in difficulty, the Assembly of the departments of France calls, according to The echoes, a 0.2 point increase in these transfer taxes. An increase equivalent to that proposed by Édouard Philippe a year ago before Matignon backtracked. The maneuver would raise some 500 million euros. But above all to upset a good number of homeowners, while transfer duties had already increased by 0.7 points in 2014.