We often talk to you about fees when buying a second new residence in France, but do you really know what they are?

The Best For You explains it all!

First of all, on the purchase of a new property, there is the VAT to be financed which is 20% in France (21% in Belgium). On our site, all prices displayed are inclusive of VAT (except goods that benefit from the recovery thereof).

You must add to this, the notary fees. Being a new property, you benefit from a reduced rate with it (between 2 and 3% of the acquisition value of your residence).

French registration fees are broken down as follows:

- Land registration tax: Its rate is 0,715% (0,71498% exactly) on the price excluding taxes.

- The remuneration of the notary: What is called the emoluments, is 1,4% of the sale price of the new property.

- Fees for formalities and miscellaneous fees: Around € 800 for fees for formalities carried out by the notary and € 400 for miscellaneous fees.

- The real estate security contribution: It is due to the State for the completion of registration formalities and land advertising. It is set at the proportional rate of 0,10% of the price of the property.

Here is an example of calculation of notary fees compared to the purchase of one of our 2 bedroom apartments for sale in Tignes - Le Lodge des Neiges, ski-in ski-out residence.

(apartment ->  https://thebest4you.be/tignesprojet)

2 bedroom apartment at 370.000 €:

- Land registration tax: € 2.205,00

- The notary's remuneration: 4.009,37 €

- Formalities fees and miscellaneous fees: € 678,00

- Real estate security contribution: € 556,00

- VAT on notarial services: € 801,87

- TOTAL due to the notary: € 8.250,24 (2,24% of the purchase amount of the property) 

So much for the cost of buying a new property.

In a later article, we will explain how to calculate the notary fees on an old property purchase.

Questions ? Do not hesitate to contact us ! We will be happy to answer your questions.