Dear property owners and real estate investors,
The recent government announcement regarding the increase in notary fees planned for 2025 raises important questions, particularly for second home owners. Here's what you need to know and how it might influence your real estate asset management decisions.
Upcoming Changes
The property transfer tax (DMTO) is expected to increase by 0.5 points, from 4.5% to 5%.
For real estate, notary fees could rise from 7-8% to about 9% of the sale price.
Impact on the Local Market
Let's take the example of a villa in Valbonne valued at €800,000:
Currently: about €60,000 in notary fees
After the increase: about €72,000 in notary fees
That's an increase of approximately €12,000.
This rise could influence buying and selling decisions in the local second home market.
Opportunities for Current Owners
If you already own a second home in Valbonne or the surrounding area, this increase could have several implications:
Property Valuation : Existing properties could become more attractive due to higher acquisition costs for new transactions.
Investment Optimization : This might be the ideal time to consider renovation or improvement works, thus increasing your property's value before a potential market rise.
The Importance of Management and Maintenance
In this context, professional property management and regular maintenance become even more crucial. At BSpoke Hospitality and Consulting, we specialize in:
Property management, ensuring your asset is maintained in excellent condition
Supervision of renovation projects, optimizing your investment value
Management of construction projects, for those considering new opportunities
Our expertise in the region allows us to advise you on the best strategies to maximize your property's value, whether through careful management or targeted improvement works.
Acting Now for the Future
Whether you own a second home or are considering renovations, it's wise to plan now. The increase in notary fees could influence the market, potentially making your property more attractive or creating opportunities for strategic improvements.
Don't hesitate to contact us to discuss the best way to manage your property in Valbonne and its surroundings. Our team is here to help you navigate these changes and optimize your real estate investment.
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