“The happiness of some is the misfortune of others”, as the saying goes. For three months, the fall in real estate prices has delighted buyers. And leave sellers, promoters and notaries on the floor. “But not that…”, underlines Le Figaro, in a recent article. Because says “less sales”, says “less transfer taxes, better known by the sweet name of “notary fees”. And as many of us think, these costs do not end up entirely in the pocket of the notaries. Still according to the Figaro article, these costs represent more than 7% of the sale price of a dwelling (in the old one). Or some 19,000 euros for a home acquired 250,000 euros. Thereupon, the notary will receive “only” 2900 euros, or just over 1% of the price of the property.
Consequently, it is the rest that goes into the coffers of the municipalities (1.2% of the acquisition price), the departments (4.5% of the price, except for Indre where the rate is 3.8 %) and the State, which collects half of the revenue from the latter. According to the National Federation of Public Works, which relies on data from the Ministry of Ecological Transition, for the past few months, these tax revenues, which have been climbing without stopping since 2013, are now collapsing. the departments, fall of 12.5% over one year, at the end of April, according to the association of the departments of France. This puts the departments in great difficulty. Devoid of the revenue linked to the property tax entrusted to the municipalities, the departments denounce their loss of fiscal autonomy.
Le Figaro, in its article, illustrated the reversal of the price curve via an infographic over 1 year, with revenue related to “notary fees” for your department. He also produced a map of the 87 departments affected by the fall in real estate prices, the 5 most affected of which can be consulted below.
