Notary Fees in France: New Build vs Existing Property

Note: This content is specific to the French property market.

When buying property in France, the sticker price is just the beginning. You must add the so-called "Frais de Notaire" (Notary Fees). Despite the name, these are mostly government taxes, not just the notary's salary.

The cost depends entirely on the type of property: Ancien (Existing) or Neuf (New).

1. Existing Property (Ancien)

This category includes any home that has been lived in or is over 5 years old.

• Total Cost: Approx. 7% to 8% of the purchase price.
• Breakdown: Most of this (5.8%) is the Droits de Mutation (Transfer Tax) paid to the Department and Commune.
• Impact: On a €300,000 apartment in Paris, you lose €23,000 immediately. This capital is unrecoverable.

2. New Build (Neuf / VEFA)

This includes off-plan purchases or brand-new completed units.

• Total Cost: Approx. 2% to 3% of the purchase price.
• Why so low? New properties are subject to VAT (TVA, 20%), which is usually included in the developer's price. To avoid double taxation, the government reduces the transfer tax significantly.
• Impact: On a €300,000 new apartment, you pay only €7,500.

Investment Strategy

• Buying New: Higher price per sqm, but lower closing costs and usually better energy ratings (DPE A or B), which is crucial for renting out legally in the future.
• Buying Old: Lower entry price and charm, but high closing costs and potential renovation needs to meet energy standards.

Important: Banks in France generally do not finance notary fees. You must have this cash saved up as part of your apport (down payment).

👉 Calculate your French Notary Fees here