The main factors
The fees associated with buying a property in France can be alarming. This page provides a checklist of what you can expect to pay. The main factors that affect the level of fees are:
- the age of the property (new houses attract lower charges)
- the number of people involved (lawyers, mortgage companies, surveyors etc)
- whether you buy through an estate agent
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What allowance should I leave for fees?
Total fees can be as low as 4% of the price of the property, but can easily be as high as 15%. Note: most fees are paid by the buyer. As a quick rule of thumb...
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Land registry
0.6% for property less than 5 years old, 1% for everything else
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Estate Agent Sales Commission (usually paid by the seller of the property)
Where an agent is involved - allow between 5 and 10%
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Notaire Sales Commission (usually paid by the buyer)
Where an Estate agent is not used - allow up to 5%
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Stamp Duty
0.6% for property less than 5 years old, 6% for everything else
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Notaires' Conveyancing Fees
These are calculated according to the price of the property. Allow 1 to 1.5%
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Additionally if you need a French mortgage:
Mortgage Arrangement - Commonly 1%
Mortgage Administration - Commonly 1%
Mortgage Registration - Commonly around 1%
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